Nifty future could not sustain above up side Chanel which are at 5770 - 5772 - 5774 .
Now what next.
From yesterday, Negative divergence building in different TF indicators.
Now if NF can trade above 5755 and 5757 , then can test 5786 , and if can cross 5786 level ,
then can go up to 5838 - 5840 level. above this 5869 .
Now Tomorrow if Nifty future trade below 5755 and 5757 , and break down below 5746 then first can go down up to 5730 and 5720 .
Below 5720 , can go down to 5702 - 5700 level.
If break with volume 4694 , then can slide up to 5670 - 5660.
5660 is a good support area, and if break this then next support is at 5639 and 5630 .
Below this support , next support is at 7 Dema , which is at 5620 , calculating on today's closing, Tomorrow it can ( 7 dema ) change it position with few points.
All levels are for my own trading targets and support and Resistance level. Others can us it for educational purpose.
Dear Sir, I have 1 question is at present 5D RSI IS 100 AND 9 DAY RSI 71 IF CLOSE AS SAME TODAY THAN TOM WILL 81 SO LONG IS SUGGESTIVE, SHALL I SHORT THIS LEVEL OR WAIT FOR WHAT LEVEL
ReplyDelete@ Operator...
ReplyDeleteI think no positional trade should hold now, its purely intraday market now.Trade as per market direction, but should not hold over night position.