Mangesh Magical Trading

Nifty Spot Analysis Nifty Spot had to Cross above Nifty Future first 5 minute Low which was 24226.30 AND Future had to Cross above it's first 5 minute High + 0.1306% for any upward movement. The same was 24264.40 + 0.1306% = 24296.08 Once that was crossed CE rose fast. Precise resistance was felt when Spot reached Future's 1st 5 minute candle High of 24264.30 at that time Spot also touched it's day's 1st 5 minute candle High+ 0.1306% = 24257.08 Nifty couldn't cross above the Resistance of Future's first 5 minute candle High of 24264.40 for a long time. On 13:30 and 13:35 hrs Candle Top Reversal Pattern was formed and price slides down from there till 24205 level.