Hi Dear Reader ,
Yesterday our one of the resistance was 5175. NF opened at 5171.5 (open high of 5223 was not recorded in 5-15-30-60 min charts) and made high of 5185. Then fallen up to 5118.1 and closed at 5158.65.
Today’s trading levels for Nifty Future:
Resistance: 5185-5232-5241-5339
Support: 5118-5096-5011-4967-4951
Today on lower side 5118 and 5096 are good supports.
There is a gap at 5232-5339, so on crossover above 5185, one has to be alert around 5232.
Yesterday FII has bought NF worth 1529 crores so chances are bright that NF take support around 5118 or 5096 and take reversal.
Till NF is above 5011, there is no problem for bulls.
Now what to do? You have to trade with levels only. More details to our subscribers
Regards,
Analysenifty Team
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