NIFTY

5290 is a crucial level for the market today. Market may remain range bound between 5290 and 5350. As opening is negative wait for the conformation and use stop loss for every order and open positions.

CHANAKYA EARNING CLASSES
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TRADING STRAEGY

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NIFTY CREATES WOLF-WAVE PATTERN ON THE DAILY CHART.
IF NIFTY BREAKS THE LEVEL OF 5420 ON CLOSING BASIS, THEN IT HAS TARGET OF 5500/5580/5620/5690.
5380-5400 IS A RESISTANT LEVEL AND AHEAD OF RESULT SEASON MARKET CAN GO SIDEWAYS. SO BETTER WAIT FOR PROMINENT MOVE ON THE CHART.
SUPPORT LEVELS ARE 5320/5270/5210 
CHANAKYA EARNING CLASSES

NIFTY

NIFTY CLOSES ABOVE ITS 100 & 200 DAY MOVING AVERAGE BEFORE EXPIRY,
WE CAN SAY IT WILL BE A POSITIVE SIGN FOR THE MARKET BUT RISING USD $ AGAINST INR IS A CONCERNING TOO.

5200 WILL BE DECIDING LEVEL FOR THE MARKET, WHETHER MARKET WANTS TO GO UP OR DOWN.

VIKRAM KULKARNI
FOR CHANAKYA EARNING CLASSES.