First of all, wish u and ur family a very happy and blessed new year.
now coming back to the markets, if someone would have read the blog yestrday, should have made huge profits intraday(hopefully). thts the only reason i keep telling, forget all news, views, and just concentrate on levels to make money.
for today i am uploading a nifty futures EOD chart to show that nifty faced strong resistence arnd 3015 and fell from there.
now for today, if we open gap up, and sustain 2990 levels, nifty may go on to hit 3053 levels for intraday. NO SHORTING IS ADVISED TILL WE CLOSE BELOW THE TRENDLINE, as closing above 3055 may take nifty to 3240 levels as we..today only and only if we close below 2990, one may go short and hold it positionally with the day's high as SL.
however this will not be a completely safe trade, as, market only becomes a short if closes below 2842 levels as of now.
intraday support exists around 2957 levels
(EOD chart attached, All Future Levels)
