Nifty view jul 2

Gm

Today, while updating this SGX nifty is trading at 5307.

Today’s trading levels for Nifty Future:

Resistance: 5310-5366-5402-5417

Support: 5275-5263-5256-5220-5203-5173          

Today, 5310 will be first hurdle for NF. On crossover and remaining above will take NF to 5366 level, which will provide some short of resistance. If NF manages to cross this level too then it will take NF to 5402-5417.

If NF is not sustaining above 5310 then it will go up to 5275-5263-5256 level. Break below it with volumes will take NF to 5220, a strong support for NF.

Regards,

Analysenifty Team