Nifty Future Intraday Target for 5th October 2020

Today Nifty showing some profit booking from upper level, volatility in the market is too high. To trade in nifty becomes difficult for traders, so I am going to share Nifty Future intraday target for 5th October 2020.

Nifty Future Opens at 11460 marginal up from previous close 11435, and made high 11587 from there we saw a good intraday correction to 11450 day low. Still, consolidation is going on Nifty and traders busy looking for buy on dips and sell on rise. Now the fact is from day high nifty won’t able to sustain its peak.

Nifty Future Intraday Resistance and Support Level:

Nifty future intraday resistance level-1 : 11475, level-2: 11511 and support level-1: 11370, level-2: 11306. These are the level where nifty might hover around intraday. Unitil and unless nifty is above 11300 there would be in bull grip below 11300 bear might grip below 11000.

Trade with stoploss specially in Options and Futures as there holds high risk and unlimited gains.

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Hi i am Samiran Debnath Admin of this website. I am Financial Advisor by profession build client portfolio in stock market and Mutual Fund. I help people to dematerilise physical shares into electronic mode opening demat account. Help clients to choose best insurance policy for them. I love sharing my views on stock market and the benefits investing in SIP and Mutual Funds.

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