WORLD MARKETS
World indices are doing with little volatile, following this Singapore nifty also doing the same, this may give some starting problem to us, Today the levels 5765, 5728, 5712 may act as supports and there is no strong resistance up to 5875 even though 5836 may give some resistance
NIFTY SPOT TODAY
Today if spot holds 5765 strongly and if it tries to move up strongly then there is a mild chance for direct move towards 5873 to 5875, same time the move will be as per today’s levels, if so risky can go for long with s/l of 5740 and more risky person can keep the s/l as 5712,
Same time if spot breaches 5712 strongly then there is a chance for 5612, 5570, if so we can concentrate on short sell when spot sustains below 5712, for this thing our s/l will come around 5767
Generally today the chance for continues down move will start below 5765, even though we can expect easy and strong down move only below 5712, below 5765 the move may remind our today’s levels
NIFTY SPOT TODAY’S LEVELS
Nifty Spot above 5824 Target 5835, 5857, 5870, 5873 to 5883, 5898, 5930, 5943 to 5946, 5960, 5985, 6075
Nifty Spot below 5765 Target 5754, 5741, 5728, 5612, 5570
CAclubindia
