Hi,
Yes, FIIs dominance has continued this time too.
Support for Friday was 4936; there was open low of 4939 and rest all you know.
NF made high of 5094 on Friday.
Today’s trading levels for Nifty Future:
Resistance: 5094-5108-5137-5171
Support: 5015-4996-4936-4919
Now today, if not crossing 5094 then NF will attempt for 5015-4996. Ideally to keep this uptrend NF should take support around 5015-4996. If NF breaks these levels then next support is around 4936-4919.
On crossover above 5094, NF will go up to 5108-5137. 5171 is a previous supply zone so that will be a good resistance.
FIIs have continued buying on Friday too; they have bought NF worth 631 crores on Friday and total 2806 crores in last five trading sessions.
We have entered in to overbought zone in hourly chart.
Regards,
ANALYSENIFTY TEAM
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