KEY NIFTY FUT LEVELS FOR TODAY'S TRADING
(30 min chart)
As seen in the chart, Wednesday's LOD FUT 3862 / SPOT 3861 has become crucial for longs, as it will negate the HH HL attempt.
Initial weekness starts if it sustains below 3950 (also PIVOT for today)
Below 3950, supports:
3920
3900-3892
3881 - this is the low of the WRB in both 30 min & 60 min chart, also S1 for today
3862 - the concerned LOD of wednesday
Between 3862 & 3800 (S2), last hope for intraday bulls =
3848 (WRB low in 60 min)
Above 3950, resistances can be seen at 3969-
84 band / 3995 /
4012-15 (HOD of wednesday)
Above 4016 -> 4043-45 /
4063-65
R1 = 4035
2 Day high & 3 day high of SPOT is 4000.
3900 & 4000 (with outer limits at 3850 & 4050) - closing on either side for confirmation of a trend.