Below are are support and resistance levels for nifty.
The pivot level for nifty is 4988. Nifty is having first support at 4956 level. However if nifty is not able to hold its first support then the next Support leves ( support 2 ) is 4909. The third support for nifty also act as breakdown level , from where we can see sharp recovery or shap downside. Sopport3 or Breakdown level for nifty is 4877
Nifty may face resistance at level ( Resistance 1 ) 5035 . the next resistance level for nifty is resistance 2 = 5067. The final and resistance 3 level for nifty is 5114 which act as a breakout level also. If nifty starts trading above this level we can see some heavy buying interest in market
Nifty Levels in simple format can be seen as follow
| Support1 = 4956 | Resistance1 = 5035 |
| Support2 = 4909 | Resistance2 = 5067 |
| Support3 = 4877 | Resistance3 = 5114 |
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