Expect markets to open Positive in-line with Global Counterparts but Negative w.r.t Wednesday closing to factor in cut in US markets on Wednesday.
5208-5227 is a critical resistance which if crossed may trigger short-covering upto 5280/5310. If does not cross 5227, then may retest support zone of 5110 again.
Key Nifty Futures Levels :
Supports : 5157 & 5128.
Resistances : 5208 & 5239.
Probable Trading Range : 5128-5239.
Happening Exactly as advised !!
ReplyDelete5208-5227 resistance zone given. Did not cross it !! Check the high 5216..
Effect : 5208 --->> 5165.
Keep booking partial gains in Nifty Shorts & Revise SL to 5196 now for balance Qty.
Sent in Morning : 5208-5227 is a critical resistance which if crossed may trigger short-covering upto 5280/5310. If does not cross 5227, then may retest support zone of 5110 again.