(Updated on 04-09-2012 at 08:30 AM)
We clearly indicated yesterday that 5328 is strong resistance for
the short term trend and also mentioned support at 5269.
NF moved up to 5325 and formed low at 5272.
Now for Today…
crossover 5295 will take Nifty fut to 5310-5318.
5328-5336 zone is hurdle zone. NF has to take out this and
trade above with sustained vol with 15-20 minutes
to reverse the bearish trend.
Break below 5270 may drive it to 5263-5256.
IF trades below 5251 with sustained volumes then
expect panic selling up to 5238-5228-5210.