GM
Today, while updating this SGX nifty is trading at 5378.
Today’s trading levels for Nifty Future:
Resistance: 5407-5463-5524
Support: 5352-5347-5326-5314-5286-5275
Today,
5407 is an immediate and important resistance for NF. Bears will try
their best to protect this level. If NF manages to cross and sustain
above this level then expect 5463. On crossover above 5463 will take NF
to 5524.
On
lower side 5352-5347 are immediate supports for NF. In good control of
bulls, they will protect these levels. Break below these levels will
take NF to 5326-5314. Below 5326, NF may fill the gap of 5326-5285.
In
hourly chart NF has entered in to over bought area. Although NF is in
uptrend but we will advise to avoid any buying position. Charts are
indicating some problem which may lead to sharp sell off in coming days.
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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