Yesterday we told you all that Nifty fut resistance 5276-5294, and sup-5210, also told everyone to keep watch on 5210 level. You all must have watched what happened in markets yesterday , Nifty fut made high-5274 and reverted back sharply from there to make a low of 5212. Team EAIB providing you all the most accurate market levels and making everyone earn money in truckload. Our intraday calls of NMDC, Balmer Lawrie&company, STC, Pratibha Industries etc blastedddd to give massive gains!!!! Enjoy being a member of EAIB Securities. Stay tuned,keep minting money.
On 20January, Nifty is having resistance at 5276 level, if Nifty fut manages to sustain above this level, then we can see Nifty again marching up to higher levels of 5294-5315-5335. On the contrary to upside, on downside Nifty fut have support at 5210, if it sustains below this level then we can see Nifty sliding down to 5180-5165-5130 levels. In current scenario bulls are having an upperhand till Nifty fut is sustaining above 5130, so at lower levels traders must use the lowerside for accumulation instead of creating short positions. However breaking the last support of 5130, Nifty can see fresh selling pressure coming in. In the curent markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stoploss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom.
We recommend all traders not to create fresh shorts at lower levels, as we may see market again reverting back from lower levels. Fresh selling can come only if Nifty sustains below 5130 and gives consecutive close below that.However for intraday one can buy on dips till 5180 level is not breached and can book long positions on uprise if Nifty finds it difficult to cross 5276-5335 level on higher side. In coming days if on downside if 5130 level is not breaked then we can see markets heading towards 5500+ levels
On 20January, Nifty is having resistance at 5276 level, if Nifty fut manages to sustain above this level, then we can see Nifty again marching up to higher levels of 5294-5315-5335. On the contrary to upside, on downside Nifty fut have support at 5210, if it sustains below this level then we can see Nifty sliding down to 5180-5165-5130 levels. In current scenario bulls are having an upperhand till Nifty fut is sustaining above 5130, so at lower levels traders must use the lowerside for accumulation instead of creating short positions. However breaking the last support of 5130, Nifty can see fresh selling pressure coming in. In the curent markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stoploss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom.
We recommend all traders not to create fresh shorts at lower levels, as we may see market again reverting back from lower levels. Fresh selling can come only if Nifty sustains below 5130 and gives consecutive close below that.However for intraday one can buy on dips till 5180 level is not breached and can book long positions on uprise if Nifty finds it difficult to cross 5276-5335 level on higher side. In coming days if on downside if 5130 level is not breaked then we can see markets heading towards 5500+ levels
Nifty Levels
- Resistance - 5276-5294-5315-5335
- Support - 5210-5180-5165-5130
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