For some unknown reason chart pics are not getting uploaded. So today's post is being done without that.
The day was quite perfect to trade, level did work good. 5110 made low on opening and immediate up move of 50 points without violating 5164, hence giving opportunity of short to take benefit of ABC pattern discussed yesterday and gave 5090, where support discussed @ 5085 and gifted another move to 60 points up to 5145.
Right now 5145/52 is the key, and for safe traders 5164 can be a valid BO zone on the up side. Downside support lies @ 5085/75 and playing quite strong as of now.
So for the coming sessions,
Supports: 5110/05 and 5080/75 is all important zone to initiate longs. though below that it can get weak for intra day again and target 5050-5015/05-4940. When any level gets broken and moves towards the next level/target, previous levels (with some filtration) will play as pivot for the day.
Resistances: 5145/52 is immediate hurdle. As mentioned above 5164 can be used by safe traders for "buy above" longs. Violating these levels Nifty can certainly target 5210/20-5265-5315-5350/55.
Trade n trade fast.
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