Hi,
As expected, bears have continued pain for bulls. Yesterday once again proven that Indian equity market is dominated by FIIs.
In the opening trade itself NF has broken Monday’s low of 4768.6 and then broken all support to make low of 4632.25. Fresh rally was expected only above 4838 on yesterday.
Our clients have enjoyed profit of 150 points in NF shorts (4785 to 4635).
Today’s trading levels for Nifty Future:
Resistance: 4718-4746-4772-4805-4860
Support: 4632-4614-4584-4542
Now today, on sustaining above 4704, NF will go up to 4718. On crossover above it will take NF to 4746. 4772 will be important resistance for the day and for the next series.
Below 4704, 4673 is a minor support and then 4632 is main support.
Today is last day of expiry so there can be huge volatility.
More details to our subscribers.
Regards,
analusenifty team
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