nifty view jan 6

Hi,

Yesterday we had written:” On upper side 4799-4808 will provide immediate resistance”.

NF made high of 4791.85 and fallen.

Also we had written:” On lower side there is a support at 4740. Break below it will take NF to 4720”.

NF made low of 4740.10 and closed at 4758.10.

Today, while updating this SGX nifty is trading at 4728.

Today’s trading levels for Nifty Future:

Resistance: 4808-4837-4862-4867

Support: 4740-4728-4696-4680-4644

Now today, on lower side there is a support at 4740. Break below it will take NF to 4728. If NF breaking this level then next levels are 4696-4680, a last hope for bulls.

On upper side 4799-4808 will provide immediate resistance. Above that 4837 is a strong supply zone. If NF manages to cross this level too then also 4862-4867 will provide resistance.

Regards,

analysenifty team