Nifty view April 30

Today’s trading levels for Nifty Future:

Resistance: 5230-5250-5260-5285-5313

Support: 5207-5168-5153-5132-5114-5087-5068

Today 5230 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.

Now, on lower side as and when NF will break 5168, we will see panic of lifetime. Bears will kill this market. 5114-5087-5068

But after yesterday’s close, it seems that market is poised for huge rally subject to the closing above 5230 on Monday. And if NF manages to cross and close above 5313 this time then we will see 5600 very soon. Please don’t be highly bullish, trade with levels only and don’t be rigid.

Regards,

analysenifty team