The gap down opening gave an opportunity for going long for intra day traders today at 5965-5980 levels and Nifty made high of 6017 and closes the week in bullish mode @ 6012. VWAP @ close is 6010.
1) Bullish range for Monday will be 6005-6020-6085-6120 levels if momentum picks up. Strict stop loss for longs will be 5985.
2) Bearish range will be below 5995-5965-5900. Strict stop loss for going short 6007.
3) With Quarter-3 results season beginning this month end, close of Nifty above 6200 this coming week will be a bullish sign. A close below 5965 will be bearish.
4) The weekly chart depicts the levels to be looked for this coming week if Nifty holds 5965 levels. Happy X-Mas! Happy weekend! Happy trading!
No comments:
Post a Comment