Buy Nifty future above 5710 tg 5725,5750,5775 sl 5680
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Index
surged as steep drop this week in gold
and oil prices eased concerns of high current account and fiscal deficit and
Monday's data showing easing of wholesale price index triggered expectations of
an interest-rate cut by the RBI. Nifty jumped 120 points to 5,688 its
highest closing level since 2 April 2013....
The index hit a high of 5699.and a
low of 5555 in intraday trade.Nifty cross the
level of 5700 unless it manages to
sustain above it we cannot say that bulls are on driver seat . However, if
after a knee-jerk reaction at the beginning if it gets past 5710 then we can reasonably assume the corrective
pullback attempt that began yesterday is gathering fresh momentum where one need to watch out for the supply zone between
5735 and 5770 as a major resistance cum supply zone.
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RESISTANCE:5680,5710, 5730
SUPPORT: 5650,
5630, 5600
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DeleteHi Deepak,
ReplyDeleteYour blog about nifty futures is very informative; and you share very good info with us, it’s very useful for every trader and investor especially intraday investors. I have bookmarked your blog.
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Deletewish u all happy ram navami...............
ReplyDeleteInvestor is totally confused which one is better to invest gold or share market because gold price continuous to down & rich the under level of 26,000.
share market intraday tips
nifty future tips
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DeleteFirst of all this post makes me want to jump in the market and trade! I was already planning on for trade and got a good view about market trend
ReplyDelete