Tuesday, April 24, 2012

Nifty view april 24

Today, while updating this SGX nifty is trading at 5228.
Today’s trading levels for Nifty Future:
Resistance: 5228-5249-5257-5278-5282-5320
Support: 5182-5132-5114-5068
Today, 5228 will be first hurdle for bulls. On their commanding position bears will not allow NF to open/sustain above 5228. On crossover/sustaining above 5228 will take NF to 5249-5257 level, which is another strong resistance. On break above 5257 will take NF to 5278-5282 level, another important resistance. 5320 is a last hope for bears to come back.
Today break below 5182 with good volumes will take NF to 5132-5114. If NF manages to break 5114 then 5068 is next level to watch.

Regards,
Analysenifty team

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