The market balance point for nifty future is placed at 5980 this week.
5940 is support area for nifty future.
The second weekly support is at 5910 area.
Break below 5880 can induce correction and nifty will move to 5815 and 5775.
On the other hand nifty will face resistance at 6021.
Other overhead resistances are placed at 6075 and 6115.
Break out level for the week is 6145.
Targets for the breakout are 6220 and 6270.
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
1 comment:
Hi Jerry,
Could you please tell us about the movement of Gold in the near future ???
Thanks in advance
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