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