Nifty has support at 5600, It may bring a small bounce on initial of week. Next week is expiry so we may see more volatility. There is no resistance for rising market and there is no support for down market, now we are in down market so don't take any position with belief of supports bring reversals.
New traders and low risk takers may avoid the market. But may try the long side during break outs on blue chip stock which trade with high volume.
Avoid the overnight positions Difficult if not careful. Market may Move negative any minute. So be very cautious.
New traders and low risk takers may avoid the market. But may try the long side during break outs on blue chip stock which trade with high volume.
Avoid the overnight positions Difficult if not careful. Market may Move negative any minute. So be very cautious.
Positional Immediate support for NIFTY is 5600 and positional Resistance for NIFTY is 5786 5824 5834 5866 5869 5879 5931 5934 5978 .
Intraday Resistance of NIFTY are 5705 : 5737 : 5781 : 5797
Intraday Support of NIFTY are 5629 : 5597 : 5555 : 5540
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