Nifty - Trade Intraday

today, was a volatile market as could be seen in graph, when it did not clear Previous close , selling pressure, was seen.
2 line break up stands at 5865 levels, closing below, we could see target levels at 5700
closing above 6020 would lead to 6054 and 6078 levels spot
 
as discussed, yesterday, nifty resisted at 5977 levels,
today expectation is a test of 6013-6016 levels, after that we may take deep pose.
cutting the intial low and 5965 zone would tell us, market would not go higher... and save bets would be to take short trades
 
more or less, i am expecting a range of 6013-16 on higher side, after that expectation is downside test of 65 levels... range expected is of 45 points,,, break out would be healthy for profits
 

Similar threads