NIFTY TREND- FLAT TODAY
Nifty is range bound & direction less between5400- 5600. Nifty need to sustain above 5540 to remain bullish on Friday.Nifty is range bound and dull.
Major support levels are @5458-5385-5308
resistance levels are @ 5565-5618-5680 on closing basis.
Major support levels are @5458-5385-5308
resistance levels are @ 5565-5618-5680 on closing basis.
If NIFTY breaches 5521 and stays above at least 5507 with good volume then :-
NIFTY may see 5538 and 5562.
If Nifty breaches 5468 and stays below 5482 then(NIFTY is weak) :-
Then expected lower targets are 5450 and 5425.
My personal views is negative for the nifty we may see nifty at 5282 in coming trading days . 5565 on closing basis for nifty spot is the level to watch for any closing above this level will lead nifty to 5712 ! But any closing below 5458 will lead nifty to 5388 and 5282 levels.
NIFTY may see 5538 and 5562.
If Nifty breaches 5468 and stays below 5482 then(NIFTY is weak) :-
Then expected lower targets are 5450 and 5425.
My personal views is negative for the nifty we may see nifty at 5282 in coming trading days . 5565 on closing basis for nifty spot is the level to watch for any closing above this level will lead nifty to 5712 ! But any closing below 5458 will lead nifty to 5388 and 5282 levels.
SENSEX TREND - FLAT TODAY
If SENSEX breaches 18422 and stays above 18374 with good volume then :-
possible upper targets are 18490 and 18580.
If Sensex crosses 18234 and stays below 18282 level then(Sensex is weak.) :-
Then expected lower targets are 18160 and 18085.
All above levels are spot levels
possible upper targets are 18490 and 18580.
If Sensex crosses 18234 and stays below 18282 level then(Sensex is weak.) :-
Then expected lower targets are 18160 and 18085.
All above levels are spot levels
Market strategy- Trade both sides with stop loss
No comments:
Post a Comment