NIFTY FUTURE
We had written yesterday that short term indicators are in negative divergence mode and sure enough,
bulls decided to take to out some profit today. The index corrected exactly to support mentioned in this forum
at 5353.
For tomorrow, the all crucial pivot level is placed at 5370.
Reversal from this pivot level will take nifty future to 5336.
Crack below 5323 will take nifty future to 5303 and 5280 levels.
Resistance for tomorrow is placed at 5405 and breakout will be above 5417.
Targets for breakout will be 5435 and 5455.
NExT : A prediction of impending correction
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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