Nifty future gained around 1 percent in a highly volatile session on Friday after WPI inflation eased
to an eight month low in January at 5.05 percent. Nifty futures closed at 6061 with a high of 6064.
Nifty for next trading session would have the resistance of 6075 if it breaks this level than having
the next resistance of 6125 and in down side having the support of 5990 if it breaks this level than
having the next support of 5955.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1
|
R2 |
R3
|
|
5893
|
5965
|
6011
|
6038 |
6084 |
6110
|
6183
|
Trading Strategy:
SELL ON HIGH.
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