Nifty Tips
Nifty futures witnessed a positive consolidation phase today and in the end made a flat closing. In the upside the next technical resistance for nifty futures seems close to the levels of 6090 to 6100. Decisive closing above this resistance zone may take it up till the levels of 6175 to 6200 in near run. However the immediate support for nifty future seems in the zone of 5995 to 6000. Decisive closing below this support zone may make nifty futures slip to the level of 5950 in near term.
Recommendation- For intra day trading we recommend long position in nifty future above 6100 for the target of 6175 with the intra day stop loss around 6060.
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