Hi,
Yesterday we had written: “On lower side 5166 will provide strong support. Bears needs to break 5166 with volumes and should sustain below this level for the reversal.
Below 5166, NF can go up to 5107-5093 in panic”.
NF opened at 5185, made high of 5190 in the opening trade only. Once broken 5166, NF has fallen non stop up to 5101.10.
We had sent message to our subscribers to book majority profit around 5110.
Today, while updating this SGX nifty is trading at 5141.
Today’s trading levels for Nifty Future:
Resistance: 5139-5163-5194-5225-5240
Support: 5096-5067-5006
Now
today 5139 will be a first hurdle for the day. How NF opens around this
level will indicate today’s movement of NF. On crossover above 5139, NF
will go up to 5163. On crossover above this level will take NF to 5194.
On lower side once NF breaks 5096, we will see more panic in the market.
Today above 5139, bulls will have upper hand and below 5096, bears will have upper hand.
FII’s dominance is known to us. Yesterday FIIs have sold NF worth 1154 crores so today’s move will be interesting.
YESTRDAY ALSTOM PROJECT 350 TO 330
Regards,
ANALYSENIFTY TEAM
BUY DRIEDING CORP above 298 sl 290 tgt 315,325,335
Buy Hind copper above 312 sl 300 tgt 325,330,350
Buy Hind copper above 312 sl 300 tgt 325,330,350