NIFTY HAVING STIFF RESISTANCE AT 13200 TILL THIS LEVEL HOLDS WE WXPECT SELLING PRESSURE IN NIFTY FUT.
NIFTY REMAINS IN UPTREND TILL IT CLOSES BELOW 12900. ONCE IT WILL CLOSE BELOW 12900 FOR TWO CONSECUTIVE SESSION THEN WE CAN SEE SOME 7% TO 8% CORRECTION IN NIFTY. TILL OUR CONDITION NOT MET WE ARE IN LONG POSITION
NIFTY MOMENTUM MAY CONTINUE, AVOID SELLING AT HIGHER LEVELS TILL WE GET SOME SIGN OF WEAKNESS. DON'T TRY TO PREDICT THE TOP'S, REMEMBER WE ARE NOT IN A HURRY
NIFTY IS IN SHORT -TERM DOWNTREND, WHERE EVERY RALLIES USED TO SHORT. NW MAJOR SUPPORT COMES AT 11100 AND MAJOR RESISTANCE COMES AT 11500. PLAY IN OPTIONS ACCORDINGLY, SMART TRADERS GET THE CLUE FROM THE LEVELS DEFINED IN THE CHART
NOTE:: IF TRADE ABOVE 11460 THEN IT CAN MOVE UPTO 11525, INTRADAY SUPPORT COMES AT 11400 BELOW THIS IT CAN FALL UPTO 11370
AS SUGGESTED THE RESISTANCE AND SUPPORT LEVEL IN THE NIFTY CHART, IT BEHAVES EXACTLY THE SAME WAY. MORE DOWNSIDE TO COME. BULLS WILL ONLY ACTIVE ABOVE 11375, TILL ADOPT SELL ON RISE STRATEGY.
NIFTY STUCK IN THE TRADING RANGE OF 11240-11360, BREAKOUT ON EITHER SIDE WILL GET ANOTHER RESISTANCE AND SUPPORT AFTER MOVEMENT OF 100 POINT, DON'T EXPECT ANY MAJOR UPSIDE AND DOWNSIDE. TODAY ON WEEKLY EXPIRY DAY, NIFTY LIKELY TO EXPIRE NEAR 11300
NIFTY MAJOR RESISTANCE COMES AT @11350, ABOVE THIS IT CAN MOVE UPTO 11500, DON'T SHORT THE MARKET, OUR ALL DATA POITS SUGGEST BULLISHNESS IN THE MARKET.