Nifty Chart
Day before Yesterdays STBT worked fine for the future target of 5860, happened
yesterday and booked around the target. Yesterdays BTST for the target 5950-80.
I hope it will be open around the target, that is only for profit booking.
Nifty Trade Support 5884-5880 resistance 5950-5961
Nifty Trend Support 5837-5821 resistance 5991-6007
Closing basis Support for Trend change 5780-5750 then target 5100-5050.
Closing basis Resistance for Trend change 6025 then target 6156-6175
Today be cautious on longs around trend resistance, Lower tops, 6029 and 6093
trend line from 5992 and Fibonacci 78.6% of the 6229-5118 is at 5991.
Stiff resistance 5991-6000. Some retracement profit booking is possible
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