Expect markets to open Negative following Negative Asian Markets & US markets once again facing intense selling pressure from higher levels.
Post Gap-Down Opening, 5018-5027 is a critical resistance which if crossed may trigger short-covering upto 5084. If does not cross 5027, then support zone 4937/4885 could be retested
Key Nifty Futures Levels :
Supports : 4971 & 4939.
Resistances : 5027 & 5059.
Probable Trading Range : 4939 – 5059.
5027 crossed in a spike but Could not even sustain even for 30 seconds !!
ReplyDeleteEffect : 5020 to 4937 !!!!
Sent Earlier : 5018-5027 is a critical resistance. If does not cross & sustain, Expect support levels of 4937/4885 to be retested.