Today, while updating this SGX nifty is trading at 5307.
Today’s trading levels for Nifty Future:
Resistance: 5281-5315-5327-5333-5341-5405-5418
Support: 5201-5175-5145-5114
Today,
above 5281, there is a strong resistance zone of 5315-5327-5333-5341.
Bears will give their best to protect this resistance zone and will try
to take NF below 5281.
If
NF could not manage to cross this resistance zone and breaks below 5281
and give close below 5281 then there will be more pain for bulls. If NF
manages to cross 5333 and closes above it then we may see pre budget
rally.
Now,
for time being 5201 has become strong support for bulls. Break below
5201 will take NF to 5114. During this one has to consider 5174-5145
levels.
BUY LUPIN SL 485 TGT 520,530,540
Regards,
ANALYSENIFTY TEAM
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