GM
Today, while updating this SGX nifty is trading at 5374.
Today’s trading levels for Nifty Future:
Resistance: 5384-5393-5411-5437-5468
Support: 5356-5320-5283-5249
Today,
5384-5393 are immediate resistances for NF. Now in strong control of
bears, NF will not cross 5384-5393 levels. If NF manages to cross these
levels then it will take NF to 5411, which is another strong resistance.
Above 5411, 5437 is a last hope for bears.
On
lower side, below 5356, NF will go up to 5320. Bears will give to use
all power to break 5320 level to break. On break below 5320 expect not
stop fall up to 5283.
In last two days NF has gone down then also FIIs have been buyers in NF in last two days, quite interesting.
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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