For intraday trading on Friday, Nifty Futures may face immediate resistance at 5572 and a break out will take Nifty Futures to 5595-5622-5650 levels, where as 5545 will act as immediate support and a breach will lead Nifty Futures further down side to 5520-5495-5465 levels. So traders can take long or short positions as per the above levels for the day and Investors should take long positions if Nifty spot trades above 5550 and closing above 5550. If 5550 doesn't hold tomorrow Investors should exit the markets and wait for some more time to re-enter into markets and should avoid scam related stocks in the near term.
0 comments
Post a Comment