Nifty outlook
After achieving all the weekly targets, nifty went into a narrow range today.
LIC broke 1202 and is already close to target 1.
5590 is the pivot level tomorrow for nifty future.
5625 is the resistance area.
Reversal from either pivot or resistance will take nifty to 5555.
Break and trade below 5540 will invite trouble and index will move to 5520 and 5500.
For nifty to trade in green, it must cross and trade above 5640.
NEXT: nifty pauses
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
1 comment:
Hi, very interesting post, greetings from Greece!
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