Today, while updating this SGX nifty is trading at 4887.
Today’s trading levels for Nifty Future:
Resistance: 4927-4931-4946-4978-5008-5035
Support: 4878-4839-4828-4782-4767
Today, also 4878 is a strong support for NF. Bulls will try to protect this level. On break below it will take NF to 4839-4828. On break below 4839-4828 will create panic in the market which will take NF to 4782-476
On upper side 4927-4931-4946 are strong resistances for the day. It will be difficult for bulls to cross these levels. On crossover above 4946 will take NF to 5008-5035. One has to watch 4978 during this carefully.
Still we will maintain this view: “If NF is not breaking 4878 and crosses 4946 with volume, it will indicate strength of bulls which will give sharp rally in coming days. If NF is not crossing 4931 and breaks and closes below 4839 then it will increase chances of breaking of 4767 in coming day”.
analysenifty team
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