GM
Today, while updating this SGX nifty is trading
at 6066.
Today’s trading levels for Nifty Future:
Resistance: 6059-6081-6100-6122-6136-6154-6170
Support: 6038-6025-6007-5980-5942
Today, 6059 will be immediate resistance for NF. In a good
control of bears NF should remain below it. On crossover above it with volumes
will take NF to 6081, a good resistance for NF. Above it 6100 is a strong
resistance for NF. If NF manages to sustain above 6059 then it will indicate
strength of bulls.
On lower side 6038-6025 are strong supports for NF. Now, if
NF breaks these levels then expect sharp fall. Below 6025, NF will go up to
6007. Below it 5980 is next support.
Three
consecutive close below 6045 is must for reversal.
This is the 35th
week from the low of 4761 so high of this/previous week can be end of this rally.
At such high level, volume is missing in NF. What
it indicates?
We were expecting high of this rally by mid Jan’ 13
which can happen by end of Jan’ 13.
Regards,
ANALYSENIFTY TEAM
