NIFTY FUTURE
Nifty is inching closer to to the huge resistance level of 5162.
Reversal from around this level will take nifty future to 5065, 5016 and 4985 this week.
Breaking and trading below fib support confluence zone of 4960 will make all bears on hiatus to
comeback and smash nifty future to 4910, 4875 and 4935
If nifty future is able to conquer the 61.8% retracement level of 5162 and trade above it with volumes,
it will move to 5210, 5258 (again !!) and 5310 in the week ahead.
Charts are indicating power packed action this week.
As usual we will be tracking the action here on a dialy basis with our trading plan.
NEXT: Nifty outlook 11june
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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