Nifty Spot can go upto 21 DMA 5361

NF Daily Chart

As told last week, this correction can go to 21DMA-5361 zone, and then retrace to day pivot,5452,above this larger retrace to 5461. New low can be made in the opening hour only.
For this type of market one should trade on the basis of HHEMA-HLEMA.

1-00 pm IST Update

NS broke R2=5337 also. Now at EOD saving 5361 is crucial for Bulls. I think today market can not break 5301 or 5288 if it breaks then it is a serious trouble for bulls. Do not go long. You can trade for a small intra bounce to till 5361.


TT Data has been updated.

Before Trading please see the Golden Rules and TT Data