On 25August, Nifty fut is having support at 5475 level, once this level is breached and sustained then we can see lower levels of 5445-5410-5372. As we have mentioned in our earlier market view 5552 level is a major hurdle for the bulls, and exactly the same is happening since many days. Any rise till this level will be an exit opportunity for long positions, as the new uprise movement will start only after the crossover of 5552 level with good volumes on closing basis. In intraday today, Nifty fut will face resistance around 5528, if able to cross & sustain above this then we can expect higher levels of 5542-5552-5590. Looking at the current scenario, Nifty fut is struggling at higher levels, so traders must stay cautious.
We recommend all traders to watch the immediate range 5475-5552 & a broader range of 5445-5590, as this range is crucial for further market movement and breakout on either side with high volumes will show sharp movement. As told by us yesterday also, dont leverage long positions at higher levels until Nifty fut crosses & gives consecutive close above 5552 level. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections.One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
We recommend all traders to watch the immediate range 5475-5552 & a broader range of 5445-5590, as this range is crucial for further market movement and breakout on either side with high volumes will show sharp movement. As told by us yesterday also, dont leverage long positions at higher levels until Nifty fut crosses & gives consecutive close above 5552 level. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections.One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
Nifty Levels
- Resistance - 5528-5542-5552-5590
- Support - 5475-5445-5410-5372
Intraday Calls
- Surya Pharma abv 293 tgt-300-314-335
- VIP Ind abv 492 tgt-498-510-520
- SEL manufacturing abv 47.5 tgt-49-51-54
- Aqua Logistics abv 580 tgt-590-605-527
- Also watch BRFL, BIL, Jocil, SBBJ.
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For all trades, keep trailing your stoploss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.
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