Trend levels for this week..CMP..spot nifty 5320
Resistance..5349...5378....5407....5436...5495
support....5319...5290...5261...5232....5202
Either res.. or sup. levels taken out the same level become sup/res
example.... today market opens at 5349 and trades above for more than 30 mts.
one can expect next res.5378.to be the target in that case 5349 become sup.can keep stop lose of 1st sup.5319.
on breach of first sup. reverse ur trade.. to short sl 5349.. Do not enter trade based on this levels.. just watch for this week how it works
If it is worth i will post it in next week also..