Today, while updating this SGX nifty is trading at 5125.
Today’s trading levels for Nifty Future:
Resistance: 5138-5153-5166-5198
Support: 5109-5080-5051-5022-4990
Today,
if NF is not crossing 5138 and breaks 5109 then it will be a first sign
of weakness. On break below 5109 will take NF to 5080 which is a strong
support. Here we may witness strong tussle between bulls and bears. If
NF manages to break and sustain below 5080 then it will fall up to 5022.
During this one has to watch 5051 level carefully.
On
upper side above 5138, 5153-5166 are strong resistance zone. Bears will
be highly active around this zone. If NF manages to cross 5166 then
also 5198 is another area from where we will witness aggressive selling.
Regards,
Analysenifty Team
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