On 30September, Nifty fut will face resistance at 6024 levels, once Nifty fut crosses and sustains above this level, we can see bulls once again gearing up to move forward and take markets to higher levels of 6055-6075-6098. In this upmove one must once again be careful at higher levels, as at higher levels there will be a resistane zone and bears will try to hault down the bulls. And in order to move for a highs in coming days, bulls must have to retain the gains above 6098 levels. However if bulls fail to cross & susain above the resistance level, we can see bears taking charge over the bulls and drag down the markets. On lower side Nifty fut have support at 5980 level, if this level is breached & sustained then bears will make all possible efforts to take markets to 5965-5940-5928 levels. If bears are able to close the markets consecutively below 5965 level, then everyone must get ready for some sharp downside action in the markets.
We recommend all traders to stay cautious today, as the market movement can be deceptive and traders can be trappd on both sides. Low risk traders must stay away and others can trade with strict stoplosses. Nifty fut range 5965-6055, must be watched carefully, breakout of this range can show sharp movements. Trading in this marke without any knowledge/advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market.
We recommend all traders to stay cautious today, as the market movement can be deceptive and traders can be trappd on both sides. Low risk traders must stay away and others can trade with strict stoplosses. Nifty fut range 5965-6055, must be watched carefully, breakout of this range can show sharp movements. Trading in this marke without any knowledge/advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market.
Nifty Levels
- Resistance- 6024-6055-6075-6098
- Support - 5980-5965-5940-5928
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