Yesterday once again you all must have enjoyed the magic of our highly accurate levels of Nifty fut. Market was unable to cross the resistance level, and after breaking crucial level of 5070 went steep down to 5017 levels. Hope you all must be enjoying the roller coaster ride in Nifty fut.
On 16December, Nifty fut have support at 5010 level, once this level is breaached and sustained we can see markets sliding down to 4994-4972-4955 levels. If bears are able to hold nifty on downside below 4970 level for 1-2 days on closing basis, then we can expect some sharp downside movement coming in markets. However, if today bulls manage to gain strength and comes up again above 5044 level on closing basis, then it will favour the bulls in coming days. Moving on upside bulls will face resistance at 5050 level, crossover above this level will open doors for 5078-5096-5115 levels.
On 16December, Nifty fut have support at 5010 level, once this level is breaached and sustained we can see markets sliding down to 4994-4972-4955 levels. If bears are able to hold nifty on downside below 4970 level for 1-2 days on closing basis, then we can expect some sharp downside movement coming in markets. However, if today bulls manage to gain strength and comes up again above 5044 level on closing basis, then it will favour the bulls in coming days. Moving on upside bulls will face resistance at 5050 level, crossover above this level will open doors for 5078-5096-5115 levels.
In coming days we can see some crucial and unexpected moves in markets, so all traders must stay hedged properly for all their long/short positions. In current scenario, trading with the levels is the best thing to mint money. Those who run behind the expiry targets,day clsoing targets etc etc , will be trapped badly and will miss the opportunity to earn profits from both up-down sides of markets. After breaking the crucial support of 5044 yeserday, the major crucial support is at 4930 level, with an intermediate support at 4972. So all traders must keep a watch on these levels and must trade accordingly with their own wisdom.
Nifty Levels
- Resistance - 5050-5078-5096-5115-5135
- Support - 5010-4994-4972-4955-4930
Intraday Calls
For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.
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