Hi,
Yesterday NF
has given sharp rally. Bollinger band has shown its effect as since last couple
of days NF was trading at lower end of it in daily and weekly chart.
NF opened in huge
gap at 4654, made low of 4613.60 and after spending time given sharp rally in
last hour to make high of 4725.
Above 4670, our
resistance zone was 4689-4700-4730, NF made high of
4725 and closed at 4711.50.
Today, while
updating this SGX nifty is trading at 4683.
Today’s trading levels for Nifty Future:
Resistance: 4730-4766-4837-4850
Support: 4667-4632-4613-4538
Now today, on
remaining below 4725, NF will go up to 4667. For bulls 4667 needs to be
protected. If NF breaks 4667 and remains below it with huge volume will take NF
to 4632-4613.
On crossover above
4730, NF will go up to 4766. On sustaining above 4766 with volumes will take NF
to 4837-4850, which is a huge supply zone.
Yesterday, FIIs
have bought NF worth 1493 crores so they will protect 4667-4632. If not
protecting then we can see new low in this expiry.
.
Regards,
ANALYSENIFTY TEAM
No comments:
Post a Comment