November 26, 2024

+91 99390 80808

November 26, 2024

+91 99390 80808

HomeNiftyNifty Trend : 04 JANUARY 2022

Nifty Trend : 04 JANUARY 2022

Nifty Future closed @ 17691 as on 03.01.2022..!!

Dear Traders,

Nifty Future has resistance at 17707 – 17747 Point; above which other resistance levels are at 17777 - 17808 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 17606 – 17575 Point; below 17575 Point, other support levels are at 17505 – 17474 Point.

I am positive for the next bullish trend only above @ 17777 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Nifty Future crosses @ 17777 Point, again then the upper side target is quite high and it may touch @ 17808 Point in the short term...!!!

 

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