Technical View:
Nifty future ended with the smart gains on Wednesday after struggling for past seven trading
sessions finally pierced the 6100 mark but unable to sustain above the crucial level as investors
preferred to take some profit ahead of IIP and CPI data which released later in the day. Nifty futures
closed at 6099 with a high of 6126. Nifty for next trading session would have the resistance of 6135
if it breaks this level than having the next resistance of 6175 and in down side having the support of
6090 if it breaks this level than having the next support of 6055.
Nifty future ended with the smart gains on Wednesday after struggling for past seven trading
sessions finally pierced the 6100 mark but unable to sustain above the crucial level as investors
preferred to take some profit ahead of IIP and CPI data which released later in the day. Nifty futures
closed at 6099 with a high of 6126. Nifty for next trading session would have the resistance of 6135
if it breaks this level than having the next resistance of 6175 and in down side having the support of
6090 if it breaks this level than having the next support of 6055.
Pivot level:
S3
|
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
6030
|
6067
|
6083
|
6104 |
6120 |
6142 |
6179
|
Trading Strategy:
SELL ON HIGH
BTST UPDATE: BOOK PARTIAL PROFIT IN TUBE INVESTEMENT , T1 ACHIEVED
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