NIFTY CLOSED BELOW 5600. WE HAVE TO SEE WHETHER NIFTY MAY HOLD THE 5548 AND TRADE ABOVE ATLEAST 5600. INTRADAY SUPPORTS ARE NOW AT 5548 AND 5500 LEVEL. INTRADAY SMALL RESISTANCE ARE AT 5610. SUPPLY ZONE WILL BE AROUND 5700 IN NEAR TERM. AS PER OPTION DATA, NIFTY MAY TRADE IN THE RANGE OF 5500-5800 IN THIS SERIES.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
WATCH THE DATA AS WELL AS MARKET OUTLOOKS, AUTOMATED DAILY CALLS WITH SUPPORT AND RESISTANCE LEVELS UPDATED ON REAL TIME/DAILY BASIS.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. THE PAGE WILL AUTO REFRESH IN EVERY 2 MINUTES TO UPDATE ALL OTHER DATA. - 'WISH U ALL GOOD LUCK' - JAY.
