nifty view 0ct 22

GM

Today, while updating this SGX nifty is trading at 5664.

Today’s trading levels for Nifty Future:

Resistance: 5698-5714-5725-5747-5779-5801-5818-5858

Support: 5664-5644-5631-5608-5586-5571-5551

Today also 5664 is a strong support for NF. Break below 5664 will take NF to 5644-5631 levels which are also strong supports for NF. Below 5631 expect fall up to 5608. If NF manages to break 5608 then NF will go up to 5586-5571.

On upper side 5698-5714-5725 is a resistance zone. On crossover above it will take NF to 5747. Above which is a break out.

NF has spent 8-9 days in the range of 5745 to 5644; today it is likely to give break out. Let’s see how it gives? Whether it protects 5664-5644 and gives break out on upper side or it gives break out on down side and then protects 5664-5644.  

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