Nifty: Resistance 5565/5597/5615/5630/5658/5696
Support 5525/5510/5495/5451/5420/5385
Nifty performed exactly in line as written in yesterday's post & above 5495, Nifty went on to touch 5555+ zone. Now, Nifty is nearing strong resistance zone @ 5565-5597. If sustains this zone [closing basis], nifty may see some more upswing till further above mentioned resistance zone. On lower side, Nifty has immediate support @ 5525. Breaching & sustaining below this zone, Nifty turns weak for some Intra booking.
Traders are advised to hedge there longs at high through some Puts till Nifty closes above 5615.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment