Today, while updating this SGX nifty is trading at 5722.
Today’s trading levels for Nifty Future:
Resistance: 5707-5720-5731-5747-5779-5801-5818-5858
Support: 5678-5664-5644-5631-5608
Today
5707 is an immediate resistance for NF. On crossover above it will take
NF to 5720. Bears will try their best to keep NF below 5720. Above
5720, NF can go up to 5731 which is another strong resistance. Above
5731, 5747 is a last hurdle for NF.
For lower side, 5678-5664 are good supports for NF. On break below it will take NF to 5644-5631. Below 5631, expect bloodbath.
As mentioned earlier 5745 and 5644 are breakout levels for NF and 5725 and 5636 are breakout levels for NS. Either side will give huge move.
Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?
Regards,
analysenifty team