13th SEPTEMBER NIFTY VIEW.

Nifty Future ended the week on strong note though after making a high of 5711 with the help of a freak trade,s not much trading was done at that level we can safely ignore the pattern.

Although I have been advising caution at the higher levels, Nifty Future has been rising consistently after making a low of 5356 just 8 trading days back On the high side, 5650 - 5675 and 5711 will be resistance levels. Existing long positions should be trailed with stop loss of 5600 as this is also a trend line support level

One can consider going short below 5600 with stop loss of 5630. On the lower side it will find support at 5565 and 5540. In any case do not try to preempt the fall. Let market show weakness and then consider going short.

All the Best