Gm
Today, while updating this SGX nifty is trading at 4885.
Today’s trading levels for Nifty Future:
Resistance: 4909-4917-4954-5003-5035-5046
Support: 4881-4871-4837-4802-4767
Today one has to watch 4881 level very carefully. Open/sustain below 4881 will indicate
weakness and open/sustain above 4881 will indicate strength of the
market. On break below 4881, NF will go up to 4871. Chances are less but
if NF manages to break 4871 then it will go up to 4837, another strong
support. 4802 is last hope for bulls.
On
sustain above 4881, NF will go up to 4909-4917, a supply area. On
crossover above 4917 will lead to huge short covering in the market
which will take NF to 4954. Above 4954, it will increase chances of
5003.
Regards,
Analysenifty team
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