Nifty view oct 26

Gm

Today, while updating this SGX nifty is trading at 5724.

Today’s trading levels for Nifty Future:

Resistance: 5731-5747-5779-5801-5818-5858

Support: 5720-5703-5678-5664-5644-5631-5608

Today 5731 will be minor hurdle for NF. On cross over above it will take NF to 5747. Crossover above 5747 with huge volume and sustaining above it will give break out. NF will go up to 5779-5801. Above 5801, next level is 5818.

For lower side, 5720-5703 are good supports for NF. On break below it will take NF to 5678-5664. If NF manages to break these levels then it will go up to 5644-5631.

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