Technical View:
Nifty future rose more than 1 percent to mark their highest close in five weeks after inflation eased
to a five month low of 6.16 percent in December. Nifty futures closed at 6331 with a high of 6336.
Nifty for next trading session would have the resistance of 6360 if it breaks this level than having
the next resistance of 6410 and in down side having the support of 6240 if it breaks this level than
having the next support of 6200.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
6174 |
6242 |
6287 |
6311
|
6355 |
6380
|
6448
|
Trading Strategy:
BUY ON DIPS.
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