Trading the nifty on 31st of January
The Nifty has closed at 6055. The Nifty is showing some weakness and behaves along with international trends. The overall trend is up. The Nifty if opens above 6064 for the targets of 6080 and 6100. The Nifty could be shorted below 6045 for the targets of 6028 and 6009. The Nifty has support at 6025 and 6006. The Nifty has resistance at 6084 and 6100.
Crude oil trading levels for 31st January
The crude has slowed down but closed above 5200 levels. The crude has been on an uptrend mode from the beginning of December last year. We can believe that the current trend will continue for some time to come.
For traders the crude can be bought above 520 for the targets of 5235 and 5253. On the lower side it can be shorted below 5202 for the targets of 5186 and 5168