Technical View:
Nifty future continue to remain in negative side and have now declined in each of four trading
sessions of the year as caution ahead of financial results and key inflation data. Nifty futures closed
at 6228 with a low of 6203. Nifty for next trading session would have the resistance of 6280 if it
breaks this level than having the next resistance of 6330 and in down side having the support of
6200 if it breaks this level than having the next support of 6150.
Nifty future continue to remain in negative side and have now declined in each of four trading
sessions of the year as caution ahead of financial results and key inflation data. Nifty futures closed
at 6228 with a low of 6203. Nifty for next trading session would have the resistance of 6280 if it
breaks this level than having the next resistance of 6330 and in down side having the support of
6200 if it breaks this level than having the next support of 6150.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
6134
|
6180
|
6204
|
6226 |
6250
|
6272 |
6318
|
Trading Strategy:
BUY ON DIPS.
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