Nifty: Resistance 5905/5915/5945/5990
Support 5880-5870/5850-5840/5815
Nifty had a range bound session, which remained the highlight of December series. Nifty managed to trade in a 100 pt range for the whole month & in 50 pts range in past few sessions. Traders needs to wait & watch for either side break of 5840-5945 zone, to pick up positional trades. Intraday, Nifty abv 5915, may show some momentum & move towards 5940+ zone. Once cross 5945. Nifty may head towards 5965-5990 zone & fresh highs further sustaining above it. On lower side, 5880-70 is good support zone, if breaks, Nifty may slide towards 5840-50 zone & further towards 5815 on selling pressure.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Support 5880-5870/5850-5840/5815
Nifty had a range bound session, which remained the highlight of December series. Nifty managed to trade in a 100 pt range for the whole month & in 50 pts range in past few sessions. Traders needs to wait & watch for either side break of 5840-5945 zone, to pick up positional trades. Intraday, Nifty abv 5915, may show some momentum & move towards 5940+ zone. Once cross 5945. Nifty may head towards 5965-5990 zone & fresh highs further sustaining above it. On lower side, 5880-70 is good support zone, if breaks, Nifty may slide towards 5840-50 zone & further towards 5815 on selling pressure.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
No comments:
Post a Comment