Nifty trading system

chan

New Member
#1
NIFTY Today opened almost flat to positive @ 5063. But very quickly sold off below 5050 trading weak almost the whole session. Towards the last hour it suddenly gained momentum to get pass 5050 area and closing above it @ 5057.

Today Nifty has spent the whole day trading in range. It found strong buying support at 5000 Area. IT seems to find resistance @ 5075 level and a minor support now stand just below 5000 mark. On the upside the target still stands near previous high point @ 5170 Area. On the downside below 5000, the next support to watch is 4920 Zone.

Our view on Nifty Futures is Bullish. It is going through a consolidation phase at the moment and going pass 5085 area, will open the room towards 5165 Zone. On the downside, a break below 4920 will end the upside momentum. And any dip should be used to enter market at lower levels.
aaksharstock seems to provide good & accurate results
 

Similar threads