(Updated on 24-08-2012 at 08.00 am)
Nifty fut moved higher above 5437 at 5463 after taking support at 5403
as we projected support at 5405.
It also face sharp resistance at 5459 and fell from high of 5463.
Now for today…
Break below 5405 and if stays below it for 20 minutes then
expect slide up to 5390-5378.
5447 is intraday hurdle crossover may drive it to 5456-5463.
5468 -5484 is strong hurdle zone as we mentioned previously.
If weakness persists then NF may extend correction up to 5354.
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