Nifty View April18

Today, while updating this SGX nifty is trading at 5341.

Today’s trading levels for Nifty Future:

Resistance: 5330-5347-5370-5402-5462

Support: 5284-5278-5238-5182

Today again 5330 will provide resistance. On crossover above 5330 will take NF to 5347 which is a major and last hurdle for bulls. On crossover above it with huge volumes and on sustaining above it will give nonstop rally up to 5402. For safer side keep watching 5370 level. If NF manages to cross 5402 level too then expect 5462 level on your screen.

On lower side 5284-5278 are strong supports. For the good health of bulls these levels should be protected. Today if NF manages to break these levels then expect sharp panic in the market. This time if NF manages to break 5278 level and give close below it, then it will break 5182 level too.

Regards,

AnalyseNifty team