Nifty Future had written below 5263 immediate support is placed at 5223-5191 and the immediate resistance mentioned was 5337.
It has not moved to 5223 but opened at 5247 making a low of 5243. Verify it immediately crossed 5263 (our yesterday's recommended level for going long) and rushed to touch the resistance of 5337 making a high of 5334.90 for the day.
What happened next?
It failed to cross the resistance of 5337 and again retraced back to touch the support level of 5263 mark.
I had boldly suggested to play for longs in nifty on dips around 5200 levels. A clear example of lateral thinking just check the low of spot nifty it was 5204.
No comments:
Post a Comment