AUG 16
On Friday again NF has resisted around 5185. NF made high of 5181 in the morning trade and crashed, made low of 5052.
Today’s trading levels for Nifty Future:
Resistance: 5117-5185-5232-5339
Support: 5011-4967-4951
Today, 5117 is good resistance on upper side. On sustaining above it will take NF to 5185. On sustaining with huge volume above 5185 will take NF to 5232-5241.
There is a gap at 5232-5339, so on crossover above 5185, one has to be alert around 5232.
Till NF is above 5011, there is no problem for bulls.
Till Thursday, we don’t see any problem for bulls.
ANALYSENIFTY TEAM
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