NIFTY FUTURE
Readers who followed our chart based sell of sunpharma would have printed the almighty dollar today
as it crashed to 2nd target of short within no time.
For tomorrow, nifty future's critical pivot level is 5389.
Support for nifty is placed at 5353 and below 5340 nifty will fall to 5320, 5300 and 5280.
Trading below 5280 could be detrimental for nifty as it can crash to 5245 and 5195.
Overhead resistance for nifty will come in at 5421 and above 5435 nifty will zoom to 5455, 5475 and 5490.
With the short term indicators in strong negative divergence mode, it remains to be seen, how long bulls can
keep the momentum going.
NEXT: THE GOLDEN SHORT
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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