Nifty Spot Closed @ 5890
Supports @ 5835-5750
Resistances @ 6002-6137
Strong/Weak Above/Below 5980.
Nifty Standing @ Short Term Support of 5865-5835. This Week Nifty came down from 6121 to 5890 on closing Basis. It Closed below Crucial Support of 5980 which makes Nifty Bearish for short term. Most of the Momentum Indicators are oversold now and Bounce back possible. 5865-5835-5770 are Crucial Support now as per Medium term Support line. Closing below 5865 can lead to more correction till 5770-5700. If Nifty Sustain Above 5865, then it can bounce till 6000-6137-6180. Watch out 5865-35 for Long/Short for next week.
" Trade with Levels not with Hope "
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