Friday, January 13, 2012

nifty view jan 13

Hi,
Yesterday we had written:” today, 4893 will provide immediate resistance”.
NF made high of 4888 and crashed.
On lower side, 4843-4833 were immediate supports. Below that our levels were 4802-4797.
NF made low of 4818.25 and reversed up to 4870.40, closed at 4852.
Today, while updating this SGX nifty is trading at 4868.
Today’s trading levels for Nifty Future:
Resistance: 4893-4907-4941-4972
Support: 4833-4818-4797-4751
Now today, 4893 will provide immediate resistance. On crossover above it will take NF to 4907. Above 4907 we see sharp rally up to 4941-4972 in hours.
On lower side 4833 is immediate support. Below it 4818-4797 are supports to watch. Bears need to break these levels today else NF will resume its uptrend.

Regards,
analysenifty team

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