Hi,
Yesterday above 4876, our resistances were 4893-4907. NF made high of 4889 and crashed up to 4848.95 in intraday.
On lower side our supports were 4833-4814 but NF was well protected around 4850 (a previous resistance).
Today, while updating this SGX nifty is trading at 4856.
Today’s trading levels for Nifty Future:
Resistance: 4893-4907-4941-4972
Support: 4843-4833-4802-4797-4751
Now
today, 4893 will provide immediate resistance. On crossover above it
will take NF to 4907. Above that we can see 4941-4972 in hours.
On
lower side 4843-4833 are immediate supports. Even first resistance of
4843 will be tough for bears to break. If NF manages to breaks these
levels then also 4802-4797 are strong supports.
Alert:
Be cautious at higher levels, we are in bear market. NF is at upper end
of Bollinger band. In hourly chart, NF is showing –ve divergence. FIIs
are buying since last three days.
Regards,
ANALYSENIFTY TEAM
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