On 10February, Nifty fut will face resistance at 4830level, once it crosses and sustains above this level we can see Nifty inching higher upto 4848-4865-4884 levels. In coming days if Nifty sustains above 4830 level, then we can see an upside movement till 4880-4965 level. Contrary to this, if Nifty fut is unable to cross the resistance level of 4830, then it will come down and have support at 4770,breaching this level it can slide down to 4755-4730-4705 levels. Any close below 4730 will be first sign for weakness in markets.
We recommend all traders to keep watch on 4830 level on upside and 4755 level on downside for all their long/short positions. Nifty range will be 4730-4830,intraday session might be highly volatile, so trade cautiously and keep booking profits in all trades. Dont leverage long positions on higher side if nifty is unable to cross 4830 level, instead use dips for buying.
We recommend all traders to keep watch on 4830 level on upside and 4755 level on downside for all their long/short positions. Nifty range will be 4730-4830,intraday session might be highly volatile, so trade cautiously and keep booking profits in all trades. Dont leverage long positions on higher side if nifty is unable to cross 4830 level, instead use dips for buying.
Nifty Levels
Resistance - 4830-4848-4865-4880
Support - 4770-4755-4730-4705
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