Nifty: Resistance 6005/6020/6033/6060
Support 5968/5940/5915/5888
Nifty, as written, opened with gap up gains, but then traded in a 15 pts range of 5990-6005 for max time of the session. As Nifty has now moved decisively above its resistance zone, trend remains up till 5915 is held on lower levels.
Intraday Nifty may open with marginal gap up of 15-20 pts. Nifty has good support @ 5990, break below it @5968, further below this level, Nifty may see some weakness till 5940-5920 levels. On upside, Nifty has resistance @ 6005-6020 levels, Break above this, next upside levels are pegged @ 6060-6080 levels.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Support 5968/5940/5915/5888
Nifty, as written, opened with gap up gains, but then traded in a 15 pts range of 5990-6005 for max time of the session. As Nifty has now moved decisively above its resistance zone, trend remains up till 5915 is held on lower levels.
Intraday Nifty may open with marginal gap up of 15-20 pts. Nifty has good support @ 5990, break below it @5968, further below this level, Nifty may see some weakness till 5940-5920 levels. On upside, Nifty has resistance @ 6005-6020 levels, Break above this, next upside levels are pegged @ 6060-6080 levels.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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