Technical View:
Nifty future fell for a fourth consecutive session on Wednesday to its lower close in two months
ahead of F&O expiry on thursday and conclusion of the United States Federal Reserve policy
meeting later in the day. Nifty futures closed at 6120 with a low of 6107. Nifty for next trading
session would have the resistance of 6175 if it breaks this level than having the next resistance of
6210 and in down side having the support of 6085 if it breaks this level than having the next
support of 6060.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
5997
|
6066 |
6093 |
6134 |
6161
|
6202
|
6271
|
Trading Strategy:
SELL ON HIGH.
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