Supports @ 5750-5680-5520
Resistances @ 5930-6070-6200
Last Week, We mentioned Nifty will Face Hurdle @ 6030-80, If Fails to Cross then Downside target of 5865-5750 & Nifty Spot Hit @ 5721 on Friday. Now Nifty made Double Bottom @ 5750-5680 which will act as strong support for days to come. On Upside it will face hurdle @ 5930-70 & then Big Hurdle @ 6050-90. Until & Unless Nifty Breaks 6070 on closing basis, It will trade in Range of 5700-6070. On Last day, Nifty saw some pull back rally from 5721 level. Technically, Nifty Can see upward move till 6070 if holds 5750-5680. Closing Below 5680, Downside target 200 DMA i.e. 5520 and then 5400. Hence, One Can go long/Short Above/Below 5750 spot closing. Overall now trend Neutral. Bullish Above 6070 & Bearish Below 5750 spot Closing.
Medium Term Crucial Support @ 5520 & Resistance @ 6357 on Closing Basis.
" Trade with Levels not with Hope "
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