NIFTY KEY FUTURE LEVELS FOR TODAY'S TRADING:
SUPPORTS:
4134
4098 - 4104 -
- Prev. Triple top resistance area-now ideally should provide support
- 50HSMA support
- S1 for today
4072 - Gap fills here ...
S2 = 4062, then 4050 should be the last hope for bulls ahead of expiry, also 50% ret of spot 3800-4300 = 4050
RESISTANCES:
4156
4179 -
Pivot level for today=4173. remains weak below this level.
4197 - 4201
4220 - double top formed in 60 min yesterday
strength only above this level. Also 20HSMA resistance. Also
R1 for today (4214)
Above 4220,
4244 (HOD),
4258-67 (20DMA=4276)
4282-86 - triple top yest in hourly chart, Also
R2 for today
RSI levels as per:
5 min = 31
60 min = 25
Ideally, not much downside should be seen today.