Today, while updating this SGX nifty is trading at 5122.
Today’s trading levels for Nifty Future:
Resistance: 5184-5198-5206-5235-5290-5302
Support: 5142-5111-5105-5068-5022-4991-4976
Today,
5142 will be first support for NF. On break below 5142 with volumes
will take NF to 5111-5105, which is a strong support for NF. Yes, like
yesterday, today again bulls will try their best to protect these
levels. On break below 5105 with huge volumes and remaining below it
will take NF to 5022. One has to be careful around 5068. Below 5022,
5000 is a minor support below it 4991-4976 a strong support and last
hope for bulls.
On upper side, 5184-5198-5206 is still a strong supply area. Above it will lead to short covering.
As
mentioned day before yesterday that looking at the price of 5200 call
and 5000 put indicates that NF is ranged between 5000 and 5200 till the
expiry. Let’s see how prices unfolds in remaining days.
Regards,
Analysenifty team
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