November 26, 2024

+91 99390 80808

November 26, 2024

+91 99390 80808

HomeNiftyNifty Trend : 06 JANUARY 2022

Nifty Trend : 06 JANUARY 2022

Nifty Future closed @ 17946 as on 05.01.2022..!!

Dear Traders,

Nifty Future has resistance at 17989 – 18008 Point; above which other resistance levels are at 18088 18108 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 17880 – 17808 Point; below 17808 Point, other support levels are at 17787 – 17737 Point.

I am positive for the next bullish trend only above @ 18008 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 @ 18008 Point, again then the upper side target is quite high and it may touch @ 18088 Point in the short term...!!!

 

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