NIFTY TRADING SYSTEM
Open : 5419.00 High : 5430.00
Low : 5251.00 Close : 5263.00
TREND : BEARISH
BLOOD BATH ON DALAL STREET……..
Nifty Futures witnessed heavy selling resulting in a Blood Bath in all sectors. It closed below an important near term support level of 5400 , making it vulnerable to more losses in the coming sessions. The near term support now comes in between the 5200 - 5170 zone and the next minor resistance comes in all the way towards 5500 level.
We are extremely Bearish , So any rally towards the 5400 level should be used as selling opportunities with appropriate stop loss.
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