nifty view july 16

HI  GM

Today, while updating this SGX nifty is trading at 5252.

Today’s trading levels for Nifty Future:

Resistance: 5265-5277-5281-5297-5330-5366

Support: 5229-5215-5201-5161          -5114

Today, on upper side 5265-5277-5281 is a strong resistance zone for NF. On crossover above 5281 will take NF to 5297-5307-5330, which is another supply zone. Bears will be aggressive around this zone.  

On lower side, today also 5229 will be a good support for NF. On break below 5229 with huge volume and sustaining below it will take NF to 5201. Below that expect non stop fall up to 5161 level.

Regards,

ANALYSENIFTY TEAM