The December series becomes the current month series for Nifty from today and the levels of 6092 is a strong support level now. Retracement towards swing high of 6212 and 6360 on closing basis is the target for bulls in the immediate short term (5-6 sessions) !!! Below 6155 spot price, intra day shorters will target 6092-6045 levels !!!UUNi
Nifty Update:
The Nifty touches all time today buoyed with the state election results and some profit booking can be expected failing to sustain above 6360 on closing basis. Support levels are 6235-6185 immediate short term. Resistances cannot be determined above 6360 as Nifty is trading in a totally new zone and it will take time for fresh resistance zones to develop !!! Happy trading !!!
The Nifty as expected saw profit booking around 6365-6400 level and retraced to the almost the support level of 6155 which was the resistance zone earlier. A quiet retracement towards 6250 can be expected for the remaining sessions of the December series. Happy trading !!!
No comments:
Post a Comment