Hi
Today, while updating this SGX nifty is trading at 4992.
Today’s trading levels for Nifty Future:
Resistance: 5001-5029-5048-5094-5098-5129-5140
Support: 4957-4915-4853-4812
Today
5001 will be first hurdle for bulls. On opening and/or remaining above
5001 will indicate strength of bulls. Above this level, NF will go up to
5029. It will be difficult level for bulls to break. On crossover and
sustaining above 5029 will take NF to 5048. 5094-5098 are strong hurdles
for bulls.
On
lower side still 4957 will provide support. On break below it with
volumes and remaining below it will take NF to 4915. Below 4915, another
round of panic will start. Today on opening and/or remaining below 4992
will indicate strength of bears.
Till NF is below 5098, there is no problem for bears.
Regards,
analysenifty team
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