Nifty Tips
The 50 shares NSE Market Index showed a smart recovery in last couple of hours of todays trading session and closed with moderate gain. Banking and IT sector helped boosting the market while FMCG and Oil & gas companies were the prime losers. Nifty Future is volatile and moving under range of 5753-5629 from last few trading session. Today it closed near to its resistance level so it may take up move in coming trading session till 5820. On another side if it breaks 5625 level it may take some correction. One should wait for proper break out on either side. Resistance for Nifty Future is at 5755/5885 and support is at 5625/5560 levels.
RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5885 mark.
SUPPORT: It has first support close to the level of 5625 & below this level the next support is seen near 5560 mark.
Trading Strategy- Buy Nifty Above 5750 TG-5800-5850
RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5885 mark.
SUPPORT: It has first support close to the level of 5625 & below this level the next support is seen near 5560 mark.
Trading Strategy- Buy Nifty Above 5750 TG-5800-5850
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