Nifty future fell for a fifth consecutive session on Thursday after a volatile F&O expiry. Nifty opened
with gap down after Fed chairman announced that the Fed will reduce its bond buying program to
US$65bn in Feb, down from US$75bn in Jan. Nifty futures closed at 6103 with a low of 6062. Nifty
for next trading session would have the resistance of 6195 if it breaks this level than having the
next resistance of 6240 and in down side having the support of 6060 if it breaks this level than
having the next support of 6035.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
5951 |
6004
|
6036
|
6057
|
6089
|
6110
|
6163
|
Trading Strategy:
SELL ON HIGH.
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