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