nifty view feb 23

Today’s trading levels for Nifty Future:

Resistance: 5522-5552-5569-5585-5638-5657

Support: 5493-5444-5421-5368

Today also 5522 will play crucial roll. Today’s open and remaining above/below 5522 will indicate strength of bulls and bears respectively.

On remaining below 5522, 5493 will provide support around 5493. On break below 5493 with volumes will take NF to 5444-5421. There is a gap at 5475-5455, on break below 5493 will fill this gap. Below 5421, 5368 is a strong support.

On remaining above 5522, NF will go up to 5552-5569. Above it 5585 is a strong resistance. On crossover above this level, rally may continue.

Yesterday we had told to buy call & put of 5600 around 5600 level of NF. On remaining below 5522 hold 5600 put. On crossover above 5522 book 5600 put and hold 5600 call.

go short  HUL BELOW 370 SL 380  TGT 365,360,354

Regards,

analysenifty team