Nifty future is showing a few warning signs in chart.
Please see the above chart for details.
5920 is the most significant level for nifty in the coming week.
This is the pivot level for nifty future.
If nifty trades above this level it will move to resistance level of 5970.
Reversal from pivot or resistance level will take nifty to 5867.
5830 is the support level for nifty future. Break and trade below 5810 will induce
correction and nifty will move to 5760 and 5720.
Trade above 5970 will induce fresh longs in nifty future and index will move to
6000, 6035 and 6070.
The short term swing target for nifty is 6130.
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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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