Nifty Spot Closed @ 5949
Supports @ 5850-5770-5690
Resistances @ 5980-6070-6180
Strong Above 5915 & Weak Below 5835 Spot Closing
Last Week, we mentioned Nifty has made double bottom @ 5750-5690, If Holds it will move towards 5930-70 and then 6050-90. Nifty Made high @ 5956. For Next Week, Nifty has Important resistance @ 6070 & Crucial Support @ 5870-30. As of now, this is pullback rally from Support 5690-5750 till 6070 with hurdle @ 5970. Until & Unless Nifty Spot Holds 5830 on closing basis, Its Buy on Decline for Upside 6070. Closing Above 6070 will break this range of 5700-6070 & will move towards 6180-6240+. Closing below 5830 will make bearish TGT. Hence, Time to Hold Longs with SL 5830
Spot Closing.
Medium Term Crucial Support @ 5535 & Resistance @ 6357 on Closing Basis.
" Trade with Levels not with Hope "
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