Nifty (spot) strong above 5640
Nifty (spot) weak below 5625
Nifty (spot) Support 5610/5580
Nifty (spot) Resistance 5660/5690
For two consecutive days, Nifty hit resistance of 5680, but remained unable to cross in with volume. At the same time it is holding support of 5610-5615….whenever this support is broken, it may decline to 5550-5500 in near future. However, Nifty will turn bullish once it crosses above 5680 with volume and may move up to 5775-5800 within next few days to come.
Today’s Trading calls (on breakout system)
Nifty Future Buy above 5655…for 5670/5690/5710/5730…sl 5645
Nifty Future Sell below 5640…for 5625/5610/5590/5565…sl 5650
Bank Nifty future Buy above 11460…for 11505/11540/11570/11645/11720…sl 11410
Bank Nifty future Sell below 11390…for 11360/11310/11270/11225/11185…sl 11440
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