Supports @ 5950-5880-5770
Resistances @ 6070-6137-6202
Strong/Weak Above/Below 5950 Spot Closing
In Last 2 Week, We mentioned Nifty Spot has strong support @ 5750-5690. If Holds, it will move towards 5930-70 and then 6050-90. Nifty Made High @ 6017 after Crossing the hurdle @ 5950. For Next Week, Nifty will face major resistance @ 6050-90. Once Crossed & Closes above it will move towards 6137-6202 and failure will also make trend reversal. Now Nifty in Bullish mode with Strong Support @ 5950-5920. Its Buy on Decline Above 5920 which is 20 DMA. Closing Below 5920, it will turn bearish. Hence, HOLD/Buy on Decline with SL 5920 Spot Closing. Above 6070, Nifty will add more strength.
Medium Term Crucial Support @ 5555 & Resistance @ 6357 on Closing Basis.
" Trade with Levels not with Hope "
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