Technical View:
Nifty future closed with third consecutive day gains on Friday by closing above 6050 level amid
positive cues from overseas equity markets. Nifty futures closed at 6078 with a high of 6099. Nifty
for next trading session would have the resistance of 6115 if it breaks this level than having the
next resistance of 6175 and in down side having the support of 6035 if it breaks this level than
having the next support of 5975.
Nifty future closed with third consecutive day gains on Friday by closing above 6050 level amid
positive cues from overseas equity markets. Nifty futures closed at 6078 with a high of 6099. Nifty
for next trading session would have the resistance of 6115 if it breaks this level than having the
next resistance of 6175 and in down side having the support of 6035 if it breaks this level than
having the next support of 5975.
Pivot level:
S3
|
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
5943
|
6006
|
6040
|
6070 |
6104 |
6133
|
6197
|
Trading Strategy:
SELL ON HIGH.
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