The Nifty Future may find support around the following levels of 14046--14253--14460 on the downside which is price extension drawn from low to high.
The Nifty Future may find resistance around the following levels of 14717--15132--15546 on the upside which is price extension drawn from low to high.
During the week Nifty Future made a high of 15035 crossing the resistance of 14717 and came close to 15132 but did not touched and reversed and closed BELOW the resistance of 14717 at 14690.80. For bullishness, Nifty Future has to remain above 14717 levels from a yearly point of view. Nifty Future has made a low of 14423.40 breaking our support of 14460 and then continuously rallied from there till 15035.
Broader trading range for the week: 14046 – 15546
Immediate probable trading range for the week: 14253 – 15132
Nifty Future Weekly Outlook from 3rd May to 7th May 2021
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| Nifty Future Weekly Outlook from 3rd May to 7th May 2021 |
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