Nifty Spot
The view for Nifty spot remains same as of the last week. A close below 5435 would be a dangerous sign for Nifty. 5435 is major support for Nifty and a close below this level may drag Nifty further down upto 5145 odd levels.
A buy must be initiated from 5471 to 5435 levels with stop-loss @ 5425 on closing basis. Targets are 5471, 5497, 5597, 5614, 5660, 5712, 5769, 5807
And
A short trade must be initiated if Nifty gets closed below 5435 level with stop-loss @ 5450. Targets are 5381, 5145, 5098
The view for Nifty spot remains same as of the last week. A close below 5435 would be a dangerous sign for Nifty. 5435 is major support for Nifty and a close below this level may drag Nifty further down upto 5145 odd levels.
A buy must be initiated from 5471 to 5435 levels with stop-loss @ 5425 on closing basis. Targets are 5471, 5497, 5597, 5614, 5660, 5712, 5769, 5807
And
A short trade must be initiated if Nifty gets closed below 5435 level with stop-loss @ 5450. Targets are 5381, 5145, 5098
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