Nifty view may 25

Hi,

Today, while updating this SGX nifty is trading at 4902.

Today’s trading levels for Nifty Future:

Resistance: 4935-4954-4983-5035

Support: 4884-4876-4854-4818-4782-4767

Today, 4935-4954 are immediate and strong resistances for bulls. To continue this down trend started from 5302, these levels should be protected. Bears will be highly active around this zone. On crossover and sustaining above 4954 will take NF to 4983. 5035 is another level from where we can see supply.

On lower side, 4884-4876 are strong supports. Bulls will give their best to protect these levels. If NF is not crossing 4935-4954 and break these levels with volumes then expect serious panic in the market. Below 4876, if bulls could not protect NF around 4854 then we may see NF going below 4767 level too.

Yesterday FII’s have sold NF worth 600 crores; will total sell of 1473 crores in last two days. .

Regards,

analysenifty team