clementemerson

NIFTY FOR THE DAY 07-JUN-2021

SGX:IN1!   SGX NIFTY 50 INDEX FUTURES
NIFTY
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NIFTY MAKING NEW HIGHS EVERY DAY.
HOPE IT WILL MAKE A NEW HIGH TODAY.

ANALYSIS
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NIFTY TRADING NEAR THE RESISTANCE 15756. MAJOR SUPPORT AT 15648.
BETWEEN THESE TWO LEVELS THERE ARE MANY MINOR LEVELS WHICH COULD ACT AS SUPPORT / RESISTANCE .
IF NIFTY HAPPENS TO TRADE BETWEEN THESE TWO LEVELS IT COULD BE A RANGE BOUND DAY.

IF NIFTY BREAKS THE RESISTANCE AT 15756, THEN WE COULD BUY FOR AN INVISIBLE TARGET.
IF NIFTY SHOWS DOWN SIGNS AT RESISTANCE 15756, THEN WE CAN SELL FOR SMALL INTERMEDIATE TARGETS. 15648 IS NOT A ADVISABLE TARGET.
IF NIFTY GOES TOWARDS THE SUPPORT AT 15648 AND SHOWS REVERSAL SIGNS, THEN WE CAN BUY FOR SMALL INTERMEDIATE TARGETS.

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