NIFTY FUTURE OUTLOOK
Readers of the blog would have minted the almighty dollar in today's trade as nifty reversed
exactly from first target of long and crashed to resistance level (which in turn became support).
It was a clean short as per ema trading system too. Link
For tomorrow's trading, pivot is placed at 6188.
Support level is 6150. Trade below 6135 will induce strong correction in nifty and it will
move down to 6115, 6095 and 6060.
Resistance level for tomorrow is placed at 6226.
For nifty to regain lost momentum on upside, it must cross and trade above today's high of 6248.
Doing so, bulls will come in hoards and lift nifty to 6270, 6299 and 6315 by close.
All set for a interesting day tomorrow. Let us wait and watch.
NEXT: F&O lot size change
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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