NIFTY FUTURES CLOSED AROUND 5810 AFTER MAKING A DAY LOW OF 5800 TOWARDS THE END OF THE TRADING ON TUESDAY. FOR WEDNESDAY’S INTRADAY TRADING PURPOSE, NIFTY FUTURES FINDS THE CRITICAL SUPPORT AROUND TUESDAY’S LOWS OF 5800 . IF AFTER THE INITIAL ERRATIC INITIAL OPENING MINUTES, IN CASE NIFTY FUTURE SLIDES BELOW 5800 THEN ONE MAY EXPECT A STONE LIKE FALL, MORE SO IF AFTER MAKING AN UPWARD RETRACEMENT IF IT FALLS BELOW 5800 FOR THE SECOND TIME THEN BIGGER FALLS MAY BE EXPECTED. IF THIS HAPPENS THEN ONE MAY TRADE SHORT TO SEE TARGETS OF 5785 FOLLOWED BY 5775 & THEN 5755 TO 5750 FUTURE LEVELS THAT MAY SUMMON THE BULLS FOR THE RESCUE ACT FROM HERE ONWARDS THAT MAY PULL NIFTY UP TOWARDS THE CRITICAL 5800 AGAIN.
SIMILARLY ON THE HIGHER SIDE, IN CASE 5800 IS HELD WITHOUT ALLOWING A 30 MINUTE CANDLE TO CLOSE BELOW IT, THEN ONE MAY EXPECT INTRADAY BUYING INTEREST COMING IN THAT MAY PROPEL NIFTY FUTURES TOWARDS 5830 TO 5835 INITIALLY. SUSTAINING ABOVE 5835 MAY EXPERIENCE THE FIRST BOUT OF SHORT COVERING THAT MAY PROPEL NIFTY FUTURES TOWARDS 5848 TO 5855 ZONE & A BREACH OF THIS CRITICAL FUTURE ZONE MAY SEE MASSIVE SHORT COVERING TO TAKE NIFTY FUTURES TOWARDS 5870 OR HIGHER LEVELS . SHORTING BELOW THE FUTURE LEVELS OF 5800 & GOING LONG ABOVE 5840 LOOKS ENCOURAGING FOR QUICK GAINS.
SIMILARLY ON THE HIGHER SIDE, IN CASE 5800 IS HELD WITHOUT ALLOWING A 30 MINUTE CANDLE TO CLOSE BELOW IT, THEN ONE MAY EXPECT INTRADAY BUYING INTEREST COMING IN THAT MAY PROPEL NIFTY FUTURES TOWARDS 5830 TO 5835 INITIALLY. SUSTAINING ABOVE 5835 MAY EXPERIENCE THE FIRST BOUT OF SHORT COVERING THAT MAY PROPEL NIFTY FUTURES TOWARDS 5848 TO 5855 ZONE & A BREACH OF THIS CRITICAL FUTURE ZONE MAY SEE MASSIVE SHORT COVERING TO TAKE NIFTY FUTURES TOWARDS 5870 OR HIGHER LEVELS . SHORTING BELOW THE FUTURE LEVELS OF 5800 & GOING LONG ABOVE 5840 LOOKS ENCOURAGING FOR QUICK GAINS.
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