NIFTY VIEW 25 SEPT

Gm

Today, while updating this SGX nifty is trading at 5693.

Today’s trading levels for Nifty Future:

Resistance: 5691-5721-5744-5752-5773-5829-5858

Support: 5675-5662-5644-5636-5611-5602-5597

Today 5691 and 5675 are important levels for opening trade. If NF is breaking 5691 level then it will indicate strength of bulls and if NF breaks 5675 then it will indicate strength of bears.

Today, on crossover above 5691 will take NF to 5721. On cross over above 5721 will take NF to 5744-5752-5773. Bears are desperate to keep NF below 5700 levels so lets see how they manage. On cross over above 5773 will take NF to 5829-5858.

On lower side, below 5675 there is a support zone of 5662-5644-5636. Bears will need lots of power to break this support zone. If NF manages to break 5636 and sustains below it then 5611-5602-5597 are last hope for bulls.

In last week NF has given some surprisingly sharp up moves. This kind of move happens in two extreme scenario, either we have entered in a long term up move which will cross previous high of 6349 or we are going to make a critical top before going down to/below 4000 or more lower level.

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