Readers of the blog would have minted the almighty dollar in nifty future
in yesterday's trade as nifty reversed from resistance to support and from support
to resistance. Those who were unlucky to miss out yesterday's article can access the
same here.
Readers who entered weekly short in RELINFRA would be richer by Rs 20,000 on a
single lot of trade as the stock crashed to 971.
Those who missed the article can access it here.
For today's trading market balance point is placed at 6020.
5983 is strong support level for nifty future today.
Reversal from 5983 will take nifty to 6055, 6075 and 6105.
Break below 5955 will indicate that yesterday's upmove was a flash in the pan
and nifty will nose dive to 5915. 5900-5895 remains the last line of support for nifty
below which expect nifty to fall to 5845 and 5825 in no time.
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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