Trade setup for Friday: Nifty may find some stability; make very select purchases
Resistance for the 50-share index can be expected to come in at 10,990 and 11,035 zone.
Milan Vaishnav CMT MSTA
Trade setup for Thursday: Volatility to persist; stay away from creating major exposures
Thursday will see the levels of 11,030 and 11,080 to work out as immediate resistance levels.
Trade setup: Nifty seeks to gain foothold
On Wednesday, Nifty is likely to see immediate resistance at 11,050 and 11,080 levels.
Trade setup for Tuesday: Nifty may see modest downtick; abstain from creating major directional positions
Tuesday is likely to see the levels of 10,990 and 11,035 to act as immediate resistance area.
Trade setup for Monday: Nifty likely to see some consolidation, protect profits at higher levels
Monday is likely to once again see a quiet and uneventful start to the trade.
Dalal Street week ahead: Nifty needs to confirm breakout, could scale new high
The weekly RSI stood at 64.6543 and it has marked a fresh 14-period high.
Nifty50 setup bullish, but 11,080 level likely to offer resistance
Thursday’s behaviour of the market points towards likely consolidation at the current levels.
Trade setup: Nifty may consolidate a bit before next leg of rally
Thursday is likely to see levels of 10,965 and 11,150 as likely resistance area for Nifty.
Trade setup: Nifty50 to continue rally, may retest lifetime highs
Wednesday is likely to see levels of 10,985 and 11,150 acting as resistance area for Nifty.
Trade setup: Stay away from shorts as long as Nifty stays above 10,800 level
The levels of 10,875 and 10,930 will play out as immediate resistance for Nifty on Tuesday.
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