Post Huge Short-Covering in last 3 days from 4900 to 5100 levels, Expect Markets to take a breather consolidate & trade range-bound between 5090-5156 & further short-covering upto 5194/5218 can be expected if resistance zone 5149-5156 is crossed. If does not cross 5156, then 5056/5010 could be tested.
Key Nifty Futures Levels :
Supports : 5106 & 5056.
Resistances : 5156 & 5194.
Probable Trading Range : 5056 – 5194.
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Team Market View Investments.
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ReplyDeleteAdvised Further covering will be witnessed only if Nifty Fut crosses resistance zone 5149-5156.
High 5140. Could not cross 5156.
Effect :::: 5125 to 5080. Book partial gains in Nifty Shorts. Revise SL to 5115 for balance Qty.