Expect Markets to open on a Positive Note following Mixed Global Counterparts.
Nifty Fut would consolidate between 4974-5027 in 1st Half till IIP data is announced today.
Now 5024-5029 is a critical resistance which if crossed may trigger short-covering upto 5064/5085. If does not cross 5029, then 4937/4890 could be re-tested.
Key Nifty Futures Levels :
Supports : 4965 & 4937.
Resistances : 5029 & 5064.
Probable Trading Range : 4937 – 5064.
Happened Exactly as advised !!
ReplyDeleteNifty consolidated initially & as it crossed 5029 shooted straight upto 5084 & even crossed 5100.
==>> 5029 to 5100 ++++