Nifty: Resistance 5943/5962/5993/6009
Support 5905/5880/5855/5823
Nifty after having a flat start, cracked swiftly for about 1% during the day but ended the day with a great recovery. Nifty went up 90 Points & Sensex went up by 300 Points from day's low. Many shorters went trap in yesterday swing. They are advised to keep tight SL @ 5943-5950 max. Moving above this zone, Nifty may face resistance @ 5993-6009 zone. Post crossing this zone, nifty may see a aggressive short covering leading to higher zone. On lower side, Nifty has maintained a good support @ 5880. Hence, till this zone is holding on lower side, upmoves may remain intact.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Support 5905/5880/5855/5823
Nifty after having a flat start, cracked swiftly for about 1% during the day but ended the day with a great recovery. Nifty went up 90 Points & Sensex went up by 300 Points from day's low. Many shorters went trap in yesterday swing. They are advised to keep tight SL @ 5943-5950 max. Moving above this zone, Nifty may face resistance @ 5993-6009 zone. Post crossing this zone, nifty may see a aggressive short covering leading to higher zone. On lower side, Nifty has maintained a good support @ 5880. Hence, till this zone is holding on lower side, upmoves may remain intact.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
No comments:
Post a Comment