Hi,
Yesterday, we had clearly mentioned about strong resistance zone of 4982-4996-5012. NF made high of 4961.95 and fallen.
On lower side below 4933, our support was 4866. NF made low of 4867.3 and closed at 4883.65.
Still holding 50% long position, initiated at 4826 on last Friday.
Today’s trading levels for Nifty Future:
Resistance: 4908-4957-4996-5012-5075
Support: 4838-4816-4801
Today 4908 is first hurdle for NF, on crossover above it will take NF to 4957. IF NF is crossing 4957 with huge volume and sustains above it for 10-15 mins then next levels are 4996-5012.
On lower side, below 4866, there is a price cluster of 4838-4816-4801 which will provide support.
If NF is crossing 4973 today then this rally will extend for 3 more days.
Already told you in advance that expiry can surprise you.
More details to our subscribers.
Regards,
FROM
Analysenifty Team
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