NIFTY FUTURE
Just as we had written yesterday , nifty traded in narrow range moving from exactly
our support region to our resistance region.
Our pick of MCDOWELL is printing the allmighty dollar as written here
Day after expiry, expect nifty to give direction by breaking out from range.
The all important pivot is placed at 5319.55 in nifty fuutre for today.
5345 will be resistance area and 5356 will represent breakout zone.
Breakout targets will be 5375, 5390 and 5405.
Support for nifty future is placed at 5290.
Break and trade belw 5280 with volumes will induce correction and nifty will move to 5265, 5245 ad 5225.
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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