NIFTY FUTURE
On friday night Dow closed 324 points or -3.16% down in a savage session.
Asian market will react to this when they open for trade on monday.
As shown in above chart nifty is near huge resistance of 61.8% retracement area at 5162.
If 5162 is conquered with volumes nifty future will move to 5235 and 5285.
However reversal from this region will take nifty to 4935.
If 4935 is broken with volumes, nifty future will move to 4875, 4835 and 4795 this week.
After a narrow range week, this week promises to be one with a wider range.
As usual we will tracking it here in our daily updates and trading plan.
NEXT : The best of last week
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.
1 comment:
hello,
have been following your site am really impressed since the levels u give are really god. Would like to know if you have any paid service of yrs.
rgds
rahul goel
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