Nifty Tips
It was a volatile session for Nifty and It plunges 111 Points. Market is not sustaining Higher levels. Today Nifty opened on a negative note and after making a high of 5857 it showed intense selling pressure during the day and made a low of 5736 levels. Finally nifty closed with red mark (5750) with 1.90% of loss.
If it breaks 5700 level ,It may take more sharp fall , One should take position after proper break out. Support for Nifty Future is at 5700/5670 and Resistance is at 5885/5925 levels.
RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.
SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670 mark.
Trading Strategy-
Buy Above 5790 TG-5820/5875 .
But If Nifty does not show strength above 5,750 levels then selling pressure till
5690- 5625-5550 levels may also be seen.
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