GM
Today, while updating this SGX nifty is trading at 5445.
Today’s trading levels for Nifty Future:
Resistance: 5454-5468-5514-5540-5568
Support: 5423-5404-5395-5388-5378-5351-5320
Today,
again 5423 will be an important level for NF. On open/sustaining
above/below will indicate strength and weakness of NF respectively.
On
sustaining above 5423, NF again will take attempt to cross 5454-5468.
On crossover above 5468 with volumes and sustaining above it will take
NF to 5514.
On
sustaining below 5423 will take NF to 5404-5395. Below 5395, 5388-5378
are last hope for bulls. Now to continue this uptrend, NF must protect
5383 level.
Now,
if NF is breaking 5370 level then exit from all long position
immediately. We were expecting top of this rally on last Friday or on
this Tuesday and then sharp fall in the market. Let’s see what happens.
Reason, we don’t know.
Alert:
Chinese Shanghai composite index is around 3years low and no one is
discussing about it. Day by day china’s Shanghai composite index is
making new lows, why??????
.
Regards,
ANALYSENIFTY TEAM
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