On 21May, Nifty fut is having support at 4902 level, once this level is breached and sustained then we can see lower levels of 4870-4845-4800. As we have mentioned in our earlier market view 4960 level is a major hurdle for the bulls on closing basis, and exactly the same happened yesterday, bulls failed togive a close above this formidable hurdle. Any rise till this level will be an exit opportunity for long positions, as the new uprise movement will start only after the crossover of 4965 level with good volumes. If Nifty fut is able to do so then we can expect higher levels of 4990-5010-5048. Looking at the current scenario, Nifty fut is struggling at higher levels. As we are alerting since last week when Nifty was at 5100+ levels, that sell all your positions and buy back around 4800 levels,now all of you must be watching the same happening in markets,we informed you all well in time. We alerted and recommended short selling in futures of Suzlon, Unitech, RNRL, Reliance capital to all our SURESHOT SERVICE MEMBERS, now all these stock futures giving profits in lakhs in few days. To mint unexpected money from share market in coming days,dont miss to join our SURESHOT SERVICE today. DONT MISS & DONT WAIT to join, as you might loose opportunity of minting money in waiting.
We recommend traders to keep a watch on range 4840-4965. In current scenario bears are stronger than bulls till Nifty fut remains below 4965 level, so book profits on rise and stay with shorts in order to be on safeside. On lowerside keep booking profits in shorts around 4800-4840 levels, always trade with levels & not with sentiments. Being F&O expiry next week, the markets will be volatile,so traders must stay cautious.
Nifty Levels
Resistance - 4965-4990-5010-5048
Support - 4902-4845-4800-4770
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Nifty LevelsResistance - 4965-4990-5010-5048
Support - 4902-4845-4800-4770
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