Monday, July 9, 2012

NIfty View july 9

HI
Today, while updating this SGX nifty is trading at 5317.
Today’s trading levels for Nifty Future:
Resistance: 5332-5351-5366-5372-5402-5417
Support: 5325-5288-5276-5238-5224-5215-5159          
Today, 5325 is immediate support for NF. On break below and remaining below 5325 will take NF to 5288-5276. If NF manages to break 5288-5276, expect non stop fall up to 5238-5224-5215.
On upper side 5332, 5351-5366-5372 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.

Regards,
analysenifty team 

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