Nifty view nov 19

Gm

Today, while updating this SGX nifty is trading at 5588.

Today’s trading levels for Nifty Future:

Resistance: 5629-5671-5694

Support: 5576-5557-5547-5486

Today, watch support zone of 5576-5557-5547 carefully. Chances are bright that NF will take reversal from this zone. But if NF manages to break this support zone then it will try to fill the gap of 5530-5454.

For upper side, 5629-5631 is strong resistance. Bears will try their best to protect these levels. If NF manages to cross these levels with huge volumes and remains above these levels then it will go up to 5671.

We will still maintain our view: “One can take attempt to take long position around 5576-5557-5547 support zone”.  

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Rgards,
Analysenifty team