Hi,
Yesterday clearly written:” Till NF is above 4873 there is no problem for bulls. Today, on upper side 4939-4950 will provide good resistance. On sustaining above it for 10-15 minutes with volumes will take NF to 5002”.
Yesterday in the morning session after making low of 4890, NF has started rally and in last few minutes made high of 5004.
Today’s trading levels for Nifty Future:
Resistance: 5036-5061-5113-5121
Support: 4939-4923-4903
Today, 5036 will be the first hurdle for bulls. On crossover above it and sustaining above it with volumes will take NF to 5061.
Once crosses 5061 with volumes will fill the gap of 5061-5113 and will take NF to 5113-5121. Part profit booking around 5050 is advisable for any long trade.
On lower side 4939-4923-4903 is a strong support cluster.
FII has bought NF worth 2014 crores in last three trading sessions.
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
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