FOR MONDAY’S INTRADAY TRADING PURPOSE, ALTHOUGH TECHNICALLY THE CLOSURE OF FRIDAY LOOKS HIGHLY BULLISH, DO NOT BE SURPRISED TO SEE DOW FUTURES DISPLAYING NEGATIVE VALUES TO PULL DOWN ASIAN MARKETS AND OPERATOR INFECTED SGX NIFTY MAY SHOW MILDNESS OR NEGATIVE FIGURES TO INDUCE A NEGATIVE OPENING TO THE WEEK. OLD FINANCIAL CHANNELS WILL NOT HESITATE TO PLAY THEIR NASTY GAME OF PULLING OUT OLD HARASSING NEWS TO DEPRESS THE MARKET OPENING.
FOR INTRADAY TRADING ON MONDAY, NIFTY FUTURES FIND INITIAL RESISTANCE AROUND THE 5922 TO 5930 FUTURE ZONE SUSTAINING ABOVE WHICH ( MEANING AT LEAST A CLOSER OF 15 TO 30 MINUTE CANDLE ABOVE THIS ZONE) ONE MAY SEE INITIATION OF EARLY SHORT COVERING THAT MAY PROPEL NIFTY FUTURES TOWARDS 5944 TO 5950 FUTURE LEVELS. INABILITY OF NIFTY FUTURES TO BREACH ANY OF THESE FUTURES TRADING ZONES MAY BE RUTHLESSLY SHORTED BY HAVING STOP LOSS ABOVE THE HIGH OF THE NEXT ZONE OR ABOVE 5963 FUTURES TO REVERSE FOR GOING LONG. SUSTAINING ABOVE 5950 MAY SEE NIFTY FUTURES BREACHING THE ALL IMPORTANT 5963 TO EYE FOR THE LAST WEEKS HIGH MADE ON 11 DECEMBER AT 6003 FUTURE LEVELS IN NEXT DAY OR TWO.
SIMILARLY ON THE LOWER SIDE, FAILURE ON THE PART OF NIFTY FUTURES TO SUSTAIN ABOVE 5922 TO 5930 ZONE MAY DISPLAY EARLY SIGNS OF WEAKNESS TO PULL NIFTY FUTURES DOWN TOWARDS 5900 BELOW WHICH 5888 LOOKS TO BE A CERTAINTY THAT MAY SEE SOME BULL POWER POURING IN. FAILURE TO BOUNCE FROM 5888 FUTURE LEVELS MAY SEE OPERATORS PULLING DOWN NIFTY FUTURES TOWARDS 5876 OR EVEN TOWARDS LAST WEEKS LOWS OF 5866 TO CHOP OFF THE HEAVY PREMIUM WHICH NIFTY FUTURE ENJOYS OVER THE SPOT NIFTY.
FOR INTRADAY TRADING ON MONDAY, NIFTY FUTURES FIND INITIAL RESISTANCE AROUND THE 5922 TO 5930 FUTURE ZONE SUSTAINING ABOVE WHICH ( MEANING AT LEAST A CLOSER OF 15 TO 30 MINUTE CANDLE ABOVE THIS ZONE) ONE MAY SEE INITIATION OF EARLY SHORT COVERING THAT MAY PROPEL NIFTY FUTURES TOWARDS 5944 TO 5950 FUTURE LEVELS. INABILITY OF NIFTY FUTURES TO BREACH ANY OF THESE FUTURES TRADING ZONES MAY BE RUTHLESSLY SHORTED BY HAVING STOP LOSS ABOVE THE HIGH OF THE NEXT ZONE OR ABOVE 5963 FUTURES TO REVERSE FOR GOING LONG. SUSTAINING ABOVE 5950 MAY SEE NIFTY FUTURES BREACHING THE ALL IMPORTANT 5963 TO EYE FOR THE LAST WEEKS HIGH MADE ON 11 DECEMBER AT 6003 FUTURE LEVELS IN NEXT DAY OR TWO.
SIMILARLY ON THE LOWER SIDE, FAILURE ON THE PART OF NIFTY FUTURES TO SUSTAIN ABOVE 5922 TO 5930 ZONE MAY DISPLAY EARLY SIGNS OF WEAKNESS TO PULL NIFTY FUTURES DOWN TOWARDS 5900 BELOW WHICH 5888 LOOKS TO BE A CERTAINTY THAT MAY SEE SOME BULL POWER POURING IN. FAILURE TO BOUNCE FROM 5888 FUTURE LEVELS MAY SEE OPERATORS PULLING DOWN NIFTY FUTURES TOWARDS 5876 OR EVEN TOWARDS LAST WEEKS LOWS OF 5866 TO CHOP OFF THE HEAVY PREMIUM WHICH NIFTY FUTURE ENJOYS OVER THE SPOT NIFTY.
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