Hi,
Yesterday market had given sharp fall in second half of the trading session.
We have already written on yesterday:” 5144-5139 are immediate supports for NF, If protected then expect reversal. On break below 5139 with volumes and sustaining below it will take NF to 5106”. Below 5106 our last support for the day was 5064.
In the morning NF has managed to stay above 5139 and even given small rally up to 5175.65 also. But in second half fall started and made low of 5063.75 against our support of 5064.
Today’s trading levels for Nifty Future:
Resistance: 5136-5192
Support: 5064-5033-5017-5006-4984
Now today, below 5064, there is a support zone of 5033-5017-5006. Chances are less but if break 5006 then also there is a support at 4984.
On upper side 5136 is a first hurdle for NF.
Around 5000, NF will be around lower end of Bollinger band. In hourly chart NF is already in oversold position, so no need to panic at lower levels. At lower levels we will look for buying opportunities around 5030-5010.
horizontal trend line for support around 5033.
More details to our subscribers.
Regards
analysenifty team
No comments:
Post a Comment