gm
Today, while updating this SGX nifty is trading at 5153.
Today’s trading levels for Nifty Future:
Resistance: 5162-5176-5206-5235-5271-5302
Support: 5133-5125-5090-5074-5022
Today, 5162-5176 are still strong resistances for NF. Crossover above 5176
will take NF to 5206. 5206 still remains a supply area, on crossover
above it with volumes and remaining above it will lead to huge short
covering.
On
lower side, now 5133-5125 are supports for NF. Below it, 5090-5074 are
still strong supports for NF. Break below 5074 will lead to bloodbath in
the market.
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”.
Regards,
analysenifty team
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