On 11February, Nifty fut will face resistance at 4772 level, once it manages to cross and sustain above this level, then we can expect nifty to shoot upto 4798-4810-4830 levels. Nifty has to give close above 4830 level in order to continue the upmove in markets. If it is able to do so, it will show an upside of 80-150pts in very short time. However unable to cross and sustain at higher levels beyond 4830 level, will create weakness in markets and an opportunity for bears to take charge once again in coming days. On lower side Nifty fut has support at 4720, breaching this level will make nifty to slide down till 4702-4680-4665 levels. Any break below 4665 level, and sustaining there for some time will change the sentiments in favour of bears and will make Nifty slide down till levels 4600-4545-4480 in coming days. In intraday the range for the markets will be 4702-4830, breakout on either side will lead sharp movement.
We recommend all traders to keep watch on range 4665-4830 levels for all their long/short trades and stay cautious in current markets as reverting back from resistance levels and breaching 4665 level can prevail highly negative sentiments in markets in coming days. So, on every rise keep boking profits in long positions. Till Nifty is trading in this range, use dips to buy and rise to sell. Dont be greedy in market, as that may end you in loss as volatility will be high in markets.
We recommend all traders to keep watch on range 4665-4830 levels for all their long/short trades and stay cautious in current markets as reverting back from resistance levels and breaching 4665 level can prevail highly negative sentiments in markets in coming days. So, on every rise keep boking profits in long positions. Till Nifty is trading in this range, use dips to buy and rise to sell. Dont be greedy in market, as that may end you in loss as volatility will be high in markets.
Nifty Levels
- Resistance - 4772-4798-4810-4830
- Support - 4720-4702-4680-4665
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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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more i read ur blog more i'll get into it...
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