More Consolidation or a Mild Correction ?
- As expected, Nifty futures encountered resistance between 5950 and 6000 and spent time on consolidation yesterday.
- Major lower support for the Nifty contracts are at the 5700 to 5750 levels.
- Above these levels, minor supports are available at 5800 and 5850.
- Please note our the preferred view for the market is for some more consolidation between the 5700 and 5950 levels in the the immediate future.
- This late update of the Momentum Signal trading system contains only the basics of the system due to some time constraints. Please bear with the author.
Nifty Futures - Intra-day Chart
