Hai everybody,
Once again NIFTY heading around (5085) support level. Still one more try will be pending to cross 5127 (hurdle resistance). Down trend started from yesterday. May be, today will be a last day for BULL.
If breakout 5127 (Nifty Spot) only possible to 5150 and 5165 levels. But Global cues not support Nifty to cross 5127.
Now we are very near to expiry. So trade in next month future.
Today gap down opening will be expected. Nifty made day's high around 11:30 AM today.
Nifty is in overbought mode now. Today the fall will happend till 5035 level. One side movement will be expected. May be, the fall will continue to 5005 level and recover near 5035 at end of market session.
Last two days, we said, Above 150 points fall in this week will be expected. Today or tomorow..?
Don't expect the level above (52 weeks High) 5181.95, in this NOV series.
Alert: This is not the suitable time for having position like long or short. Cos Nifty is in Confusion trend. So play intraday for good profit to everyone.
Today trade between 5020-5110 levels.
So trade carefully.
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TODAY SELL NIFTY AROUND 5090-5075 FOR TARGET1
5050 TARGET2 5035 keep SL 5105
TODAY BUY NIFTY AROUND 5035-5050 FOR TARGET1
5065 TARGET2 5085 keep SL 5020
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SAFELY TRADING.
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