NIFTY FUTURES opened today higher by approx 20 points @ 5615 in line with the US and Asian markets. It made an intraday low of 5597 in the first half of the session, but showed tremendous resilient to global markets and rallied in the second half to register an intraday high of 5639 . Nifty futures closed the day on a very positive note @ 5632 .
Nifty Futures has managed to close above the crucial level of 5600 with good volumes and momentum . Despite the lack of positive cues from global markets, It has managed to close on the upper band of the channel formation of 5400-5650 in daily charts with a positive bias . The levels of 5560 and thereafter 5480 may act as a good buying areas , and the areas of 5650 and thereafter 5720 may act as a resistance zone.
Our view on Nifty Futures is Bullish. After todays positive bias ,any correction in the market should be treated as buying opportunity with proper stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment