NIFTY VIEW DEC 8

Hi,

Yesterday we had written:” On crossover above 5094, NF will go up to 5108-5137”.

NF crossed 5094 level in first 15-20 minutes only. Above 5094 our resistance was 5108-5137 but NF could not cross 5137. NF made high of 5134.65 and fallen up to 5065 in last hour.

Our subscribers have shorted NF below 5095 in last hour. While updating this SGX nifty is trading around 5053.

Today’s trading levels for Nifty Future:

Resistance: 5099-5137-5171

Support: 5056-5036-5022-4982-4946-4936

Now today if NF manages to break 5056 with volumes and stays below it for 10-15 minutes then NF will go up to 5036-5022. Break below 5022 will take NF to 4987-4982 levels. For bears 5022 is must to break for more fall.

4946-4936 is a last hope for bulls.

On sustaining above 5056 will take again NF to 5099. Crossover above it will take NF to 5137. 5171 is major supply zone.

 More details to our subscribers.

Regards,

ANALYSENIFTY TEAM