I write below taking cue fromĀ SGX Nifty level.
Nifty Future:
Support around 5000. Breaking 4985, could fall to 4925 – 4875
Resistance around 5070. Crosssover of 5080, will lead to 5105 – 5125
Stock Future:
Buy Cairn around 297 with SL at 294. TGT 312 – 318
Buy Titan around 2224 with SL at 2214. TGT 2275 – 2285
Look at the charts below:
When events happen after market hours or glitches during trading hours, takes traders to a vicious circle of trading positions. Price moves below and above RED and GREEN lines respectively generating false signals of SELL and BUY.
Trade like a Pro !!!
C T Ramesh Raja
Great Analysis CTR, yet another breakthrough today, NIFTY Future took support exactly at 4985.2, keep it up Sir.