NIFTY FUTURE OUTLOOK
Readers who shorted nifty future yesterday at resistance level would have minted
the almighty dollar as nifty crashed 130 + points from short level.
Those who missed the article can access it here.
For today's trading, nifty pivot is placed at 6050.
Support is placed at 6011. Below 6000 level nifty will straight away move down to 5980 which is
really strong support level for nifty. Trading below 5980 is dangerous for bulls as market will
easily correct to 5942 and finally 5925, the swing target as mentioned in weekly outlook.
6085-6100 range is huge resistance for nifty future today.
For nifty to trade in positive zone it must cross and trade above 6128.
If nifty is able to do so, it will move to 6160 and 6190.
NEXT: Swing trade pick
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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