Today, while updating this SGX nifty is trading at 5452.
Today’s trading levels for Nifty Future:
Resistance: 5463-5488-5515-5524
Support: 5424-5415-5399-5394-5377-5345
Today 5463 will be an immediate resistance for NF. On crossover above 5463 will take NF to 5515-5524.
On
lower side, on remaining below yesterday’s high, NF will attempt for
5424-5415. Chances are bright that NF will protect these levels. If NF
is not managing to protect these levels then also 5399-5394 are strong
supports for NF.
In hourly chart NF highly overbought. Although NF is in uptrend but we will advise to avoid any buying position.
Charts
are indicating we may make top of NF around 5515-5524 and then sudden
panic, a 2008 kind of bloodbath. (Discloser: our intention is not to
panic any one. We just want to alert our readers to prepare for coming disaster. We will advise to follow levels only.)
Buy
5500 call around 30-40 Rs in the opening and go short in NF around
5500-5510 level (if comes), hold till expiry. Risk of 1500-2000 Rs only.
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??????
Shanghai has given some sharp bounce. Genuine or a trap???
Regards,
ANALYSENIFTY TEAM
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