As said 3615 broken intraday on friday........no one dared to say like this...even so many were thinking of 3790/3900......again the day was as expected those who were smart to follow mw earned huge...
For today....3617 is important and then 3592......if 3592 breaks on closing basis then we will not break current series high before expiry........on upper side 3635 is resistance now and if it crosses and close above that then chances of breaking high are there......
For today if gap up and crossed3635 then go long with 3617 as sl for tgt of 3670/3690.......book all longs there....if 3698 not crossing then again go short with sl 3720 fot tgt of 3635/3617......if 3592 breaks on closing dont carry any long..rather add short for quick gain in tommorow's opening.....
In this weak nifty has to protect 3526 on closing basis.....if it breaks then nifty is heading towards 3445/3350 levels.....of course with bounce and reverse on intra and day to day basis.......
So in one line today again go short near 3695/3710 level with sl 3720/3740......for tgt 3617....and if 3592 breaks remain short and add short for tgt of 3540....I think this week will be last positive week in this current series(chances are remopte ).....if 3717 not breaks then we will see start of down movement.....and today's close below 3592 will confirm it......
Today's support 3617/3592/3567/3506...resistance 3635/3670/3695/3720
good luck!
