NIFTY TRADING SYSTEM
Open : 5375.00 High : 5555.00
Low : 5375.00 Close : 5555.00
TREND : NEUTRAL
BLOW OFF SESSION IN DALAL STREET……………..
Nifty Futures swiftly closed the day up by 217 points , making it one of the best post Budget rally. It managed to break above the near term resistance of 5500 and closed the day @ 5555 level. On the up side the major resistance is at 200 Day Moving Average , which is at 5620 level. On the downside, the near term support stands at 5400 mark.
We are Neutral to Bearish on Nifty Futures .
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