(NIFTY FUTURE)
Last week we had written that 5115 will be crucial level if nifty's fortune were to improve.
The high of last week was 5107 which vaidated our findings from chart.
For the week ahead nifty future will have huge resistance in 5017 - 5040 area.
Reversal from these levels will take nifty future to 4880 and 4840.
Break and trade below 4805 will take nifty future to 4735 and 4690.
Nifty will turn bullish only if it sustains momentum above 5075.
In such a case nifty future will move to 5135, 5190 and 5250.
NEXT: The wall of 5115
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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