Nifty View June 26

Today, while updating this SGX nifty is trading at 5105.

Today’s trading levels for Nifty Future:

Resistance: 5118-5128-5151-5206-5235-5290-5302

Support: 5090-5074-5022-4982-4925

Today, below yesterday’s low 5090-5074 are strong supports for NF. On break below 5074 with huge volumes and remaining below it will take NF to 5022. Break below 5022, 4982 is another area where support will come.

On upper side, now 5118-5128-5151 are strong resistances for NF. Crossover with huge volumes will take NF to 5206 which is a last hurdle for bulls.

So far this is holding true: “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 unfold in remaining days”.

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Regards,

Analysenifty team