Hi,
On Friday, NF has broken 5333 on upper side and made high of 5353.95 but fallen. On lower side broken 5294 and made low of 5283.55, finally closed at 5316.85.
Today’s trading levels for Nifty Future:
Resistance: 5357-5403-5436-5451-5467
Support: 5279-5221-5174
Today, on remaining above 5305, NF will attempt for 5357. On crossover above 5357 will take NF to 5403, and as mentioned earlier which is a supply zone.
If NF manages to cross 5403 then also 5451 is a strong resistance.
On lower side 5279 is a strong support; break below it will take NF to 5221.
5174 is last hope for bulls.
More details to our subscribers.
Regards,
ANALYSENIFTY TEAM
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