Today, while updating this SGX nifty is trading at 5226.
Today’s trading levels for Nifty Future:
Resistance: 5233-5239-5260-5285-5313
Support: 5203-5183-5153-5132-5114-5087-5068
Today
5233-5239 will be first hurdle for bulls. On crossover above it will
take NF to 5260. On crossover above 5260 with good volumes will take NF
to 5313. 5285 will be a minor hurdle. If NF manages to 5313 level too,
then there will be huge short covering and probable reversal.
On
lower side 5203 is an immediate support. Today break below 5203 will
indicate weakness of NF. If NF breaks 5203 with volumes and remains
below it then it will be difficult for bulls to protect 5183. And once
5183 taken once then!!!!
Regards,
AnalyseNifty Team
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