Nifty Future closing price @ 5834
Nifty Future Supports @ 5750-5690-5600
Nifty Future Resistances @ 5890-5960-6051
Last Week in our Nifty future trading strategy, we mentioned Nifty is expected to trade in consolidation phase of 5750-5950. Nifty Failed to breach crucial support / resistance and traded in range of 5750-5950. Next week, 5750 and 5950 will act as trend decider. If Nifty future closes and sustain above 5960 then 6051-6120 possible. On Downside, Closing below 5750 then 5690-5600 will come in picture. Overall short term is neutral in range of 5750-5950.Although there is some negative divergence on the chart but trend is still not bearish. Below/Above range will increase so the trend. Medium term bullish above 5600 and Long term is Bullish since last 2 years and we always mentioned to Buy in Systematic way at lower level 5200-5400 as this was Bull market correction not bear market correction.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty Future Supports @ 5750-5690-5600
Nifty Future Resistances @ 5890-5960-6051
Last Week in our Nifty future trading strategy, we mentioned Nifty is expected to trade in consolidation phase of 5750-5950. Nifty Failed to breach crucial support / resistance and traded in range of 5750-5950. Next week, 5750 and 5950 will act as trend decider. If Nifty future closes and sustain above 5960 then 6051-6120 possible. On Downside, Closing below 5750 then 5690-5600 will come in picture. Overall short term is neutral in range of 5750-5950.Although there is some negative divergence on the chart but trend is still not bearish. Below/Above range will increase so the trend. Medium term bullish above 5600 and Long term is Bullish since last 2 years and we always mentioned to Buy in Systematic way at lower level 5200-5400 as this was Bull market correction not bear market correction.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
