Supports @ 5930-5865-5750
Resistances @ 6050-6140-6230
Last Week We, Mentioned, If 5670-30 Holds, Upside Target 6020 & Nifty Hit Exactly 6020+ this Week. For Coming Week, Nifty will face Hurdle @ 6030-80. Once Crosses All, it will move towards 6140-6230+, Now Trend is Bullish with Support @ 5930-5865. Some consolidation phase also possible before next 1 side move. Until & Unless 5930-5865 Holds, Short term is Bullish and any Decline is Buying Opportunity. Closing Below 5865, Short term Trend will become Bearish. In Addition, Failure of Crossing 6030-80 will lead to 5865-5750 in days to come. Hence, Watch out Nifty Spot level of 6030-80 for Fresh Long/Short.
Medium Term Crucial Support @ 5630 & Resistance @ 6357 on Closing Basis.
" Trade with Levels not with Hope "
Regards,
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