Nifty future written immediate resistance now comes at 5503-5510. We also indicated the projected high for next session is 5503. Just check Nifty future today made high of 5504 and found exact resistance at that zone and could not sustain above that zone. Bank nifty future written immediate resistance now comes at 10906. Only sustaining above 10905 will zoom towards 11040. Just check once crossed 10906 it flared to 11010 giving instant gain of more then 100 points. See how our levels are bang on targets. Is it magic?? No, it is the power of charts.

Nifty future’s projected high and low for next session is 5533 and 5368 (use this projection with other indicators). Immediate resistance is now comes at 5510. If sustains above 5510 it will try to go towards 5545 and more towards 5566. If sustains above 5566 with big volume then it will try to touch at least the 200 SMA which is placed at 5639. Immediate support now comes at 5421-5414. If can not sustains above 5510 and trades below 5414 for some time then it will retrace down towards 5397 and also even to 5356 can not be ruled out. 

The trend still continues to be cautious as the markets still below its short term moving averages. The 20 DMA is now placed at 5517 which will act as first major resistance and stability above that point could only trigger for further positive development. But where and how to trade?? More updates available to subscribers on market.