NIFTY FUTURES TECHNICAL OVERVIEW
The NSE NIFTY provisionally ended 171.80 points higher at 4954.90 led by gains in Reliance Industries Ltd (up 5.07%), Infosys (up 3.8%) and L&T (up 5.4%); while the 30-share SENSEX index closed 16416.33, up 3.58%.
Nifty Futures shut stop at 4939.55 up by 190.85 points or 4.02 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 4975 else below support level of 4800 it would be in a downward trend.
NIFTY FUTURES SUPPORT & RESISTANCE LEVEL :-
SUPPORT :- Technical support for the Nifty futures is marked near 4800 and second support is at 4715
RESISTANCE :- First Resistance for the Nifty Futures is near 4975 and second resistance is marked near 5080
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