NIFTY FUTURE AT CRITICAL LEVELS
Market is riffed with rumors. Nifty makes a spectacular comeback on Friday.
As traders, what should we do? As always we fall back on charts to give us clear picture.
Fibonacci projections indicate the possible levels that nifty future will move to next.
For the upcoming week, nifty future will be centered at 5310.
Strong support will come in at 5280.
Failure to hold 5280 will take nifty future to 5215, 5155, 5120 and 5085.
Resistance is placed at 5355.
Break above 5370 will lead nifty future to 5425, 5470 and 5520.
NEXT: TAKING STOCK
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
Market is riffed with rumors. Nifty makes a spectacular comeback on Friday.
As traders, what should we do? As always we fall back on charts to give us clear picture.
Fibonacci projections indicate the possible levels that nifty future will move to next.
For the upcoming week, nifty future will be centered at 5310.
Strong support will come in at 5280.
Failure to hold 5280 will take nifty future to 5215, 5155, 5120 and 5085.
Resistance is placed at 5355.
Break above 5370 will lead nifty future to 5425, 5470 and 5520.
NEXT: TAKING STOCK
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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