<<<5036>>><<<5060>>><<<<5086>>>
These levels are crucial levels ... Nifty futures generally trade between any of the two levels... successive penetration of each level will lead the price to the next level...
To move upside lot of buying interest with heavy volumes must required to penetrate upper level ...same for breaking of lower level...if buyers disappear and sellers will appear on the scene then lower level will be broken and then keep eye on next lower level .
As and when penetration of level is done...It will change its role ...because the name of particular level viz support/resistance depends upon the price of instrument ...
suppose if Nifty is trading at 5027 then 5021 will be support and 5036 will be resistance level at that time ...
and these level will try their best to keep nifty within them ...
and if u will see buying pressure then they will break 5036 and price will come up to 5045 in minutes then u can hope for 5060 but now 5036 will play the role of support level ...
you can imagine support / resistance levels like this ....
will u easily penetrate floor / roof of any of the story of this structure ????
Please read the instructions, carefully before placing your trade order for nice gains by clicking this link.
http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html
