struggling to get past 5750..will have to wait to go long only above 5750..fail to close above 5750..trend will get reverse to down targets..5660..5605..
Market is always unpredictable and irrational ..what best we can do is to understand the probabilities..and trade accordingly ..5750 is res..
when it fails to move above it we have to expect reversal ..that is what
happened today........
again it closed at the support level..still chances of bounce back..
res..at 5705......
DEAR FRIENDS EVERY MONTH AT THE START OF SERIES TAKE FIRST 3 DAYS OF HIGH LOW..(HIGH..5808..LOW 5678) AND CALCULATE FOR FIBO LEVELS THIS COULD GIVE YOU POSITIONAL RES..SUP..LEVELS......HERE BELOW THE LICK CLICK FOR LEVELS.......
SUSTAINS AND CLOSE ABOVE 5808 NEXT IS 5860..5912..(5860..IS INTERMEDIATE RES.) ALL NIFTY FU. LEVELS
0.618..1.800...2.618..( + and - )are main positional levels..beyond 2.618 we have re calculate..till that time this levels will be respected....
5732..and 5600 are First res..and sup..let us see.. Always these levels have to be on closing basis
struggling to get past 5750..will have to wait to go long only above 5750..fail to close above 5750..trend will get reverse to down targets..5660..5605..