Nifty future moved inline with our expectations last week.
Readers who missed out last week's article can access it here.
For the coming week nifty pivot is placed at 6000.
5962 will be strong support for nifty.
5947 is the break down level. Below this level, nifty future will correct to 5920, 5885 and 5845.
6035 is resistance level for nifty next week.
6051 is the break out level and above this level nifty will move to
6095 and 6115. Sustaining above 6115 will involve bulls to do something special.
If bulls are able to sustain nifty above 6115, index will rocket to 6150 and 6185 this week.
NEXT: A flat friday
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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