As par SGX Nifty, Indian NF may open around 8085 area. For NF, 8050-8030 zone should offer considerable support, sustaining below which 7950-7930 zone will offer positional support as of now.
On the upside, 8125 zone may offer some resistance & above that NF has to sustain above 8175-8205 zone for further rally towards 8500 zone.
A China press report about "Full Scale Housing Collapse" in a third-tier city of Handan is casting a negative effect on "Risk Trade" in the morning Asian session today.
Trading Levels: Nifty Fut(SEP):
| Gap Up/Dw | (Indicative) | |||||
| SGX NIFTY | 8085 | -45 | ||||
| NF-SEP | LTP | 8130 | ||||
| SL >/< 5 POINTS | FROM SLR | |||||
| Intraday Swing | Trader | |||||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8070 | 8100-8125 | 8150-8175* | 8205-8226 | <8050 | |
| Weak < | 8050 | 8030-7994 | 7970-7952* | 7930-7883 | >8070 | |
| FOR | Conservative | Positional | Trader | |||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8070 | 8125 | 8175* | 8226-8265 | <8050 | |
| Weak < | 8050 | 7994 | 7952* | 7883-7839 | >8070 | |
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