On 18November, Nifty fut have support at 5030 level, if bulls maintain to hold above this level, then bears might come in problem once again. If this support level is not breached and sustained then on upside Nifty fut will face resistance at 5090 level, decisive crossover of this level will make markets to move higher to the levels of 5112-5146-5170. However, the support level of 5030, must be sustained for making the bulls stronger. If the support level of 5030 is breached then we can lower levels of 5008-4980-4955. Overall scenario till date is favourable for bulls,and bulls will make all possible efforts to take this market to apex, any close below 5010 level will be the first sign of bears coming again on the stage.
Yesterday also, we clearly said that support is 5008, and markets turned almost from that point (touched 5006, and then made 5073 high), once again we are saying that no positional shorts must be done till markets are trading above this level. Today traders must keep watch on 5090 level on upside and 5045 level on downside, these two levels will be crucial for today's market. Markets closing above 5050 since last two days, is favourable for bulls and now next hurdle is 5090, above that it can be once again a energy booster for bulls. So stay cautious with all trades and keep booking profit time to time. Impatience and Greed will deteriorate your profits .
Nifty Levels
Resistance - 5090-5112-5146-5170
Support -5030-5008-4980-4955
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Intraday calls
- Ajmera Reality abv 260 tgt-266-275-284+
- Bihar Tubes abv 70 tgt-73-77-82+
- ABB abv 764 tgt-770-778-789
- ABAN abv1350 tgt-1365-1376-1390+
- Also watch Automotive stamping , FSL, Jaihind Projects, Educomp.
For all trades keep trailing stoploss once the stock starts trading above your buying price. Avoid spike buying and DONT take delivery of any intraday stock.
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Only Accuracy Here!!!!
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