Nifty Update
Those who can take risk can initiate short positions at 5957-5945 levels , ELSE,
Initiate short positions at 6042-6057 levels with stop-loss @ 6075 on closing basis. Targets are 5995, 5957- 5940. A close below 5940 will create a solid trouble for Nifty, which will drag Nifty more down towards 5864, 5812, 5757-5735 ( an important support level), 5674-5663, 5538, 5488, 5433 ( an important support level).
And,
Initiate long positions if Nifty is able to close above 5960 with stop-loss @ 5940 on closing basis. Targets are 6021, 6042-6057, 6084, 6142, 6183 (trouble zone).
Those who can take risk can initiate short positions at 5957-5945 levels , ELSE,
Initiate short positions at 6042-6057 levels with stop-loss @ 6075 on closing basis. Targets are 5995, 5957- 5940. A close below 5940 will create a solid trouble for Nifty, which will drag Nifty more down towards 5864, 5812, 5757-5735 ( an important support level), 5674-5663, 5538, 5488, 5433 ( an important support level).
And,
Initiate long positions if Nifty is able to close above 5960 with stop-loss @ 5940 on closing basis. Targets are 6021, 6042-6057, 6084, 6142, 6183 (trouble zone).
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