Nifty Futures Trading

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market is going to consolidate itself to around 3800 level and if resistance persist than it can reach upward to 4075 4220 4450 and downward is limited to 3560, so be optimistic is lower side is very low ,as from now trader will hesitate to short at this position.Be Long..
 

Sunil

Well-Known Member
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.
 
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