Hi,
Yesterday we had written:”
For continuation of this rally, yesterday’s high of NS is must to
cross”. Somehow NS has managed to cross Tuesday’s high but could not
sustain above it for even 10-15 mins also and fallen vertically.
On lower side our support was 4730, NF made low of 4737.60 and closed at 4760.20.
Today, while updating this SGX nifty is trading at 4752.
Today’s trading levels for Nifty Future:
Resistance: 4808-4837-4862-4867
Support: 4740-4720-4696-4680
Now
today, on lower side there is a support at 4740. Break below it will
take NF to 4720. 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
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