Hi,
Nothing has changed in last few trading sessions.
On upper side 5174 is still the resistance to conquer. On lower side 5013 will be the last support.
Today’s trading levels for Nifty Future:
Resistance: 5174-5203-5218-5243-5254
Support: 5093-5083-5033-5013
Today, if not breaking low of yesterday then NF will go up to 5123-5132. On crossover above it will take NF to 5157.
5174 is still well protected by bears. Crossover above it with huge volumes and sustaining above it will give more fireworks. Chances are bright for upper side break out (till NF is above 5013) but don’t be rigid.
Below yesterday’s low 5083 is a support, break below it will take NF to 5038-5033. 5013 is last support for bulls.
Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market. This may turn in to last counter rally.
More details to our subscribers.
Regards,
ANALYSENIFTY TEAM
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