Nifty future reversed exactly from weekly resistance level as mentioned
in this column last week. Those who missed the article can access it here.
Readers who did the article would have made a minimum of 25,000 rupees in just lots
trading of nifty future.
For the week ahead , Market balance point for nifty future is placed at 6131.
Support for nifty future is at 6088 level.
Break below 6074 will mean more correction in the offing and nifty will move to
6045 and 5980.
Break below 5980 can mean serious trouble and index can fall to 5945 and 5910.
Resistance for nifty future is placed at 6178 and 6210.
Nifty needs to cross and trade above 6245 in order for trend change to occur.
In such a case, nifty future will move to 6320, 6380 and 6420.
Join us next week where we will track day by day movement of nifty and generate
trading ideas.
NEXT: Money Tree
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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