Technical View:
Nifty future ended with gains after vote on account was more of less a non event for stock markets.
Nifty remained in a narrow trading range while the interim budget was being read in the
parliament. Nifty futures closed at 6091 with a high of 6098. Nifty for next trading session would
have the resistance of 6115 if it breaks this level than having the next resistance of 6175 and in
down side having the support of 6045 if it breaks this level than having the next support of 5990.
Pivot level:
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
5970
|
6024 |
6057
|
6078
|
6111
|
6132
|
6186
|
Trading Strategy:
SELL ON HIGH.
BUY CRUDE OIL ABOVE 3100 T1 3125 T2 3150 SL 3065
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