Hi,
Yesterday we had written:” On upper side above 4894, NF will go up to 4935. On crossover above 4935 will take NF to 4962-4965. And last level was 4984”.
NF opened above 4894, made low of 4905.5, and finally in last minute made high of 4989.1 to close at 4977.85.
Today’s trading levels for Nifty Future:
Resistance: 5018-5046-5061-5113
Support: 4966-4933-4905-4873
For today, on crossover above yesterday’s high, NF will go up to 5046-5061. There is a gap from 5062 to 5113 so on crossover above 5062 will take NF to 5113.
5018 can provide some resistance so be careful around that level.
Weakness will be seen below 4966. Below 4966, NF will go up to 4933-4905. Break below 4905 will fill the gap of 4905 to 4879.
Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.
More details to our subscribers.
Regards
Analysenifty team