NIFTY 50 future TRENDS-Part 2

SEVEN STAR

Well-Known Member
5860 should be the stop loss?
Also what levels one should watch for today's closing assuming inflation falls month on month and it can become trend changer.
any intra day recovery would be sold in to...........
Level you can play for intra day..res..5833..5852..5868..5888
sup...5815...5797..5778....5759...........all spot nifty levels

my shorts are near to 5970 levels covered 50%.......will close all if spot close above 5890........that does not mean there will be big recovery..
It is my way of swing trading will wait for next opportunity to enter my trade either long or short........
Trend will reverse to positive only above 5970.......
 

trdstudent

Well-Known Member
Today spot came down upto the high of 5th march and then goes up upto closing of 12th march and therefore close the gap created yestrday. I think most of the positional shorts are close today and no new long entry .Since spot close around 5906 level we can c nifty to go either way from 2mrw. Therefore from 2mrw we will c fresh positions as per the direction .

SS plz crrct me if i get it wrong .
 

Raghuveer

Well-Known Member
NF Fib levels for Fri (Thu close=5940):

Res: 5949 5963 5981 6000
Sup: 5931 5917 5899 5880
 

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