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Nifty FUT Trade Setup For 17 January 2013


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Nifty Future

(Updated on 17-01-2013 at 08.20 AM)

Yesterday mentioned below 6035 Nifty fut

would slide up to 6025.

Nifty fut made high at 6075.55 and low at 6011.1

and closed at 6019.25

Now for Today……..

Hurdle at 6035-6043.

If crosses over with sustained vol for 20 minutes then may

rally up to 6051-6056. Which seems difficult.

Support at 6004-5994.

If Breaks and stays below 5990 for 15-20 minutes

then Nifty may dip up to 5976.

Rising trend line support at 5970-5972.

If breaks below 5972 then panic up to 5954-5930 not ruled out.

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