Trading the nifty on 17th
of January
The Nifty appears to be on a sideways move. Therefore
we need to look for more data to assess the nifty’s future trends. If the Nifty
trades above the 6000 mark it can be assumed to be in a bullish zone.
The support level for nifty has come down to 5967
and the Nifty faces resistance at 6025. This could be taken as the trading range
for Nifty in the forthcoming session.
Crudeoil trading levels for 17th January
The crude is on a sideways movement. The resistance
level for crude is at 5184. The support is at 5130. The crude traders can buy
above 5166 for a target of 5181. The cude can be shorted below 5148 for a
target of 5132 and 5114.
