AUG 19
Hi,
Hadn’t we written blood bath below 5000 in both NF and NS on yesterday? Yes, we had. Just check yesterday’s update.
On breaking 5000, NF has made low of 4926.4 and closed at 4938.
Today while updating this, SGX nifty is trading at 4856, 74 points down.
Today’s trading levels for Nifty Future:
Resistance: 5003-5077
Support: 4829-4812-4786-4779-4758
Today NF should pause around 4829-4812, if not then 4786-4779-4758 is a good support zone and probable short term reversal zone.
RSI is showing oversold position in NF daily chart.
As and when you see huge volume at lower levels, watch out for reversal. Expiry can surprise you.
What to do? More details to our subscribers.
Regards,
Analysenifty team
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