NIFTY VIEW 5 JULY

Today, while updating this SGX nifty is trading at 5328.50.

Today’s trading levels for Nifty Future:

Resistance: 5334-5366-5372-5402-5417

Support: 5302-5274-5253-5228-5214-5159          

Today, again 5334 will be first hurdle for NF. Above 5334, still 5366-5372 remains a strong resistance zone. We may witness selling around these levels. If NF manages to cross 5366-5372 then also 5402-5417 is a strong supply area.

Now on lower side 5302 is a strong support. On break below it with huge volumes will take NF to 5253 which is another strong support zone. Bulls will give their best to protect 5253 level. Below 5253, 5228-5214 are last hope for bulls.

Till NF is above 5228-5214, there is no problem for bulls.

REGARDS 
ANALYSENIFTY TEAM