Hi,
On Saturday we had written:” on lower side there is a support zone of 4752-4738-4725”. NF made low of 4755.
Today, while updating this SGX nifty is trading at 4750.
Today’s trading levels for Nifty Future:
Resistance: 4775-4821-4837-4862-4867
Support: 4752-4738-4725-4696-4680-4644
Now
today, on lower side there is a support zone of 4752-4738-4725. Break
below it will take NF to again 4696-4680, a last hope for bulls.
Till NF is above 4680, there is no problem for bulls.
On
upper side 4775 will be first hurdle for the day. Above it, 4821-4837
is a strong supply zone. If NF manages to cross these levels too then
also 4862-4867 will provide resistance.
NF
is consolidating between 4700 and 4800 since last four trading
sessions, so be prepared to see some unexpected levels in this week.
Regards,
analysenifty team
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