Nifty Futures Price Action, Support and Resistance

The week that passed by gave us great trading opportunities on the long and the short side, even though  Nifty did not break the previous weeks range, it managed to give us two swings that could determine the coming weeks direction.
Nifty Future made a low of 5798.4 which was a higher low of the previous weeks low of 5750 thus forming a pivot, the next swing low it made was higher at 5863.35 confirming the pivotal status of 5798.4

Furthermore Nifty resisted the levels of previous supports and resistances and failed to close above the trend line as can be noted from the chart.


Now the point of all this is will Nifty breakout and reverse its trend and make higher highs......next weeks price action will give us confirmation ( But I am Long from 5911) expecting 6040.


Trader Discretion is Advised