Nifty Future Closed @ 5700
Nifty Future Supports @ 5620-5540
Nifty Future Resistances @ 5760-5875
Nifty Future Strong Above 5760 & Weak Below 5620
This Week Nifty Future was in consolidation phase. For entire Week, Nifty Future Moved in Range of 5630-5755. For Next Week, 5630 will act as strong support. In Addition 5612 is crucial 200 DMA Support for Nifty Spot. Below 5612, Nifty Future will move towards 5550-10 which was break-out level in September above which Nifty Future made High of 6330+ on Diwali. This week, Nifty Future managed to close in Green. Above 5760 momentum will increase and short covering possible which can take Nifty Future towards 5830-75. Next Week which has 4 trading day is expected to be Volatile due to Expiry Week, RBI meeting and Earning session. Last week, Nifty Future set-up changed to neutral to slightly bullish from bearish zone. Risk-reward is in favor of Bulls until and unless 5630-12 Holds. Closing Above 5760, It will be Bullish and Closing below 5630-12, It will be bearish. Trade as per with Strict Stoploss. Long Term Support @ 5550-5350 & Still Bullish & Long term Investors should start accumulating Fundamentally Strong Scrips with 1 year time-frame in parts without thinking too much about next week or next month.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty Future Supports @ 5620-5540
Nifty Future Resistances @ 5760-5875
Nifty Future Strong Above 5760 & Weak Below 5620
This Week Nifty Future was in consolidation phase. For entire Week, Nifty Future Moved in Range of 5630-5755. For Next Week, 5630 will act as strong support. In Addition 5612 is crucial 200 DMA Support for Nifty Spot. Below 5612, Nifty Future will move towards 5550-10 which was break-out level in September above which Nifty Future made High of 6330+ on Diwali. This week, Nifty Future managed to close in Green. Above 5760 momentum will increase and short covering possible which can take Nifty Future towards 5830-75. Next Week which has 4 trading day is expected to be Volatile due to Expiry Week, RBI meeting and Earning session. Last week, Nifty Future set-up changed to neutral to slightly bullish from bearish zone. Risk-reward is in favor of Bulls until and unless 5630-12 Holds. Closing Above 5760, It will be Bullish and Closing below 5630-12, It will be bearish. Trade as per with Strict Stoploss. Long Term Support @ 5550-5350 & Still Bullish & Long term Investors should start accumulating Fundamentally Strong Scrips with 1 year time-frame in parts without thinking too much about next week or next month.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
