NIFTY FUTURE
Last week we had written that first support for nifty is at 5360 and reversal from this level
will take nifty future to 5467. Those who missed this post can read it here.
The low of nifty future was 5350 and high was 5476. It cannot get more precise than this.
For the coming week, 5467- 5476 will again act as huge resistance for nifty future.
Breakout targets are 5500, 5520 and 5548.
First support for nifty will be the pivot at 5430.
After this nifty could go into corrective mode and hit 5399.
Trading below 5385 could invite trouble for bulls and index will correct to 5365, 5345 and 5300.
NEXT: Bears crash the party
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.
No comments:
Post a Comment