NIFTY FUTURE OUTLOOK
Nifty traded at our resistance level for 2 hours, moved to 5412 and then zoomed.
Crossing our breakout level of 5441, there was no stopping bulls, just like what we
had written yesterday in this column. Nifty then proceeded to hit our target 2 in
a matter of minutes.
For tomorrow's trading the pivot level is placed at 5468.
Resistance is placed at 5502 and above 5518 the bull saaga will continue and
nifty will move to 5535, 5535 and 5575.
Support level is placed at 5435.
For nifty to slip into the negative, it must trade below 5421.
In such a case, nifty future will move to 5400 and 5380.
NIFTY: THE GREAT LONG TRADE
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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