Hi all,
Nifty seems to be stuck in a range of 5870-5790 and is expected to break either side sharply... with the hourly -ve divergence yesterday (refer yesterda's post) looks like 5790 is at a threat....
However I will advise to trade on short side with a very strict and tiny stop los above 5870... CMP 5830-40 for Nifty!!!!!
After breaking out on the up side resistances would be near -5910-5940-5980-6000
& after breaking down supports would be below - 5730-5670--5610-5590......
Cheers
Hrishi
Happy trading and money making
Nifty seems to be stuck in a range of 5870-5790 and is expected to break either side sharply... with the hourly -ve divergence yesterday (refer yesterda's post) looks like 5790 is at a threat....
However I will advise to trade on short side with a very strict and tiny stop los above 5870... CMP 5830-40 for Nifty!!!!!
After breaking out on the up side resistances would be near -5910-5940-5980-6000
& after breaking down supports would be below - 5730-5670--5610-5590......
Cheers
Hrishi
Happy trading and money making
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