As told earlier, Nifty fut should try to touch 5310-5330.
Nifty fut yesterday scaled to 5310 exactly and thereafter fell to 5290 levels toward closing.
Now What Next?
Again levels are same., Support is at 5250, then 5220-10 are very important support levels.
Nifty may inch higher towards 5330 first after that will show power only above 5360-70, which
is a major breakout point(as shown in previous analysis) and will trigger rally towards 5500 levels.
Now just remember 5330-5360 on higher side and 5250-5320 on lower side and forget everything.
Do not try to capture every 15-20 points and concentrate on bigger picture, only big trends will make a considerable difference to your capital. "Baki sab time pass" :)
Do not try to capture every 15-20 points and concentrate on bigger picture, only big trends will make a considerable difference to your capital. "Baki sab time pass" :)
below is the daily chart. 5360 corresponds to a breakout point of mix kind of head and shoulder/cup
handle pattern.
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