Hi,
Yesterday we had written:” Below 4756, there is a support zone of 4733-4725-4718. Break below this support zone with volumes and sustaining below it will take NF to 4632”.
NF made low of 4731.20 in the morning itself and given rally up to 4813, then again sharp fall up to 4735 but could not break day low and finally given sharp rally up to 4839.70.
Today’s trading levels for Nifty Future:
Resistance: 4837-4852-4892-4933
Support: 4786-4760-4733-4725-4718-4632
Now today, 4786 is a first support for the day. Break below it will show first sign weakness. 4760 is second support for the day. Break below it will give another sign of weakness.
4733-4725-4718 is a last hope for bulls. Break below this support zone will give panic selling up to 4632.
Above yesterday’s close of 4811, 4837-4852 are hurdles. On crossover above it with volumes and sustaining above it will take NF to 4892.
4933 is a strong resistance.
Alert: FIIs have sold NF worth 2932 crores in last four trading sessions including yesterday’s sell of 507 crores.
Regards,
Analysenifty team
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