Nifty view may 23

 gm

Today, 4830 will be first support for bears to break. On break below 4830 NF will go up to 4810. First bulls will try to protect 4830 level, if not managing to protect 4830 then they will give their best to protect 4810 level.

If NF manages to break 4810 and sustains below it then chances are bright that NF will break 4767 level too.

On upper side 4864 will be first hurdle for bulls. On cross over above 4864, NF will go to strong resistance zone of 4885-4894-4913. On crossover above 4913, NF will go up to 4935-4970.

If NF is not breaking 4810 and cross/sustains above 4913 then it will increase chances of 5003.

We have attached NF and NS weekly chart for your reference. Just see what will happen if NF and NS gives weekly closing below 4800

 

Analysenifty team