JAY SWAMINARAYAN
We said " We expect same for this week also. only above 5660 Nifty will be generate strength, but it's look like difficult at this time. Now below 5570 Nifty will be lose it's strength and once again decline towards 5480 and near 5480 Nifty once again take support and bounce towards 5570." Nifty traded expected and take sup. near 5530. Then Nifty once again bounce to 5640.
We expect same for this week also. only above 5660 Nifty will be generate strength and above 5750 momentum too, but it's look like difficult at this time. Now below 5660 Nifty will be lose it's strength and below 5570 momentum too. Nifty have 1st sup. at 5570 - 5480 & 2nd at 5390 - 5300 and 1st res. at 5660 - 5750. once again we remind you do not trade between 5660 - 5570. open your long position above 5660 with sl 5570 or open short below 5570 with sl 5660. (if one should want small sl then 5620 is best in both side trade but it is little bit risky)
NIFTY :: OP = 5581.75 , HI - 5645.40 , LO = 5532.70 , CL = 5633.95.