Hi,
On Friday, we had
written:” on crossover
above 4783, NF can go up to
4807. If manages to cross 4807 then also 4833-4852
is a strong resistance zone”.
NF made high of 4839.90 and crashed.
After announcement of RBI policy
around 4820 we have sent a message to our subscribers:” Sell NF around
4825-4830 with SL of 4860”. After making high at
4839.90, NF crashed.
NF has gone down up to 200 points
from our sell level in couple of hours only. Now while updating this SGX nifty
is trading at 4587.
Today’s trading levels for Nifty Future:
Resistance: 4670-4702-4780
Support: 4610-4567-4531-4495-4480
Now today, below
Friday’s low of 4624.50, there is a trend line support around 4610. Break below
it will take NF to 4567-4531. 4495-4480 is another support to
watch.
On upper side 4670
is a small hurdle; above it NF will face resistance around 4702.
In daily and
weekly chart, NF is trading at lower end of Bollinger band.
Regards,
ANALYSENIFTY TEAM
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