Nifty Is Facing Resistance Around 5606
Nifty Daily Watch: Today Nifty opened at 5602, made its day high at 5620 couldn’t sustain at this level and marked at 5586, a level at which it is taking support from past continuous two days. Nifty closed at 5600.
Trend -: Long, Intermediate and short term trends are bullish.
Important Levels -: Support at 5550. Resistance at 5606.
Summary -: Nifty is facing resistance at the upper level and is expected to consolidate at the current level. So traders should take profit from current existing long positions. Since it’s an uptrend short sell is not suggested and we can create new long position after a mild correction.
Nifty Daily Watch: Today Nifty opened at 5602, made its day high at 5620 couldn’t sustain at this level and marked at 5586, a level at which it is taking support from past continuous two days. Nifty closed at 5600.
Trend -: Long, Intermediate and short term trends are bullish.
Important Levels -: Support at 5550. Resistance at 5606.
Summary -: Nifty is facing resistance at the upper level and is expected to consolidate at the current level. So traders should take profit from current existing long positions. Since it’s an uptrend short sell is not suggested and we can create new long position after a mild correction.
Posts
No comments:
Post a Comment