Nifty has made a very interesting close this week just below the critical support level.
I have been harping about 5115 being the confluence level to watch out for.
Unless nifty future trades above 5115 with volumes, future for nifty future appears bleak.
Reversal from 5115 will mean that nifty future's inevitable fall to 5070, 5035 and 4998 in the coming week.
Any upswing for nifty will have huge resistance around 5190 area.
Next resistance will be our favourite 5258 area.
For nifty future to turn positive it really must conquer 5258 with volumes.
Next week could be a great one futures traders.
Keep watching this space for updates and my trading plan.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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