HI
Today, while updating this SGX nifty is trading at 4901.
Today’s trading levels for Nifty Future:
Resistance: 4907-4918-4941-4972
Support: 4880-4845-4835-4812-4791-4758
Now
today, on crossover above yesterday’s high NF will go up to 4907,
crossover above it will take NF to 4918. If NF manages to cross 4918
then also we will see huge supply around 4941-4972.
4880
is the first support for the day. On break below it will take NF to
4845-4835. Today if NF is breaking this support zone then story is over
for bulls.
Alert:
We are in bear market. NF has spent already five days at upper end of
Bollinger band. (–ve) divergence persist in hourly chart. Today is 13th day from the low of 4592.40 so today’s high or tomorrow’s high will be crucial for the market.
If our view is right then keep handy your cardiologist’s number for next 10 days.
Regards,
ANALYSENIFTY TEAM
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