Hi
Today, while updating this SGX nifty is trading at 4859.
Today’s trading levels for Nifty Future:
Resistance: 4859-4886-4926-4949
Support: 4811-4807-4760-4720-4701
Today,
4859 will be first hurdle for bulls. On opening/remaining above/below
will indicate strength and weakness of NF respectively. On crossover
above 4859 will take NF to 4886. Here we will witness aggressive selling
from bears. If NF manages to cross and sustain above 4886 then next
level is 4926. 4949 will be last and final hope for bears.
On
lower side 4811-4807 are immediate supports for NF. If NF is not
crossing 4859 and breaks 4811-4807 then expect sharp panic in the
market. Reason we don’t know but we can see fall up to 4720-4701, valid
only if NF is not crossing 4859 and breaks 4807.
Our client buy nifty at 4770 and hold with sl our first tgt 4840 achive yestrday
Regards,
analysenifty team
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