NIFTY future currently trading @ 5723-5724. It has a heavy resistance around 5750-5755. Once it trades above this resistance we see NIFTY to move upwards 5792 and 5808 levels.
On the downside it has a good support @ 5630 levels.
2 closing below this level will generate panic in the market and we can see NIFTY drifting towards 5550-5512 levels with ultimate target of 5488 and 5445.
In present scenario buying on dips should be the strategy with strict SL-5665.
Actual entry & exit levels with our subscriber's.
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