Hi,
Yesterday we had written:” 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”.
Yes, NF made low of 4938.35 and closed at 4956.60. Now while updating this SGX nifty is trading at 4887. .
Today’s trading levels for Nifty Future:
Resistance: 4977-5002-5022
Support: 4884-4862-4824-4756
Now today below 4936, NF will go up to 4884-4862. There is a gap at 4936-4862; today this gap is likely to fill.
Break below 4862 with volumes will take NF to 4824 (watch 4815 in Nifty Spot also).
On upper side, 4977-5002 are immediate resistances.
More details to our subscribers.
Regards,
ANALYSENIFTY TEAM
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