Nifty Futures

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Nifty Futures

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(Updated on 22-06-2012 Time 08.30 AM)  
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Yesterday we had written that market would take support
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near 5095-5089 levels and crossing over 5136 would take it
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to 5169.
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Just watch the yesterday’s Nifty fut high is at 5178 and
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Nifty spot high at 5170.
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I have time and again indicated that markets are surging
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on a strong path full of resistance and hurdles and avoid
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any fresh long at higher levels.
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However its strength elevates markets from intraday fall.
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Now for today……
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Below 5146 would drive it to 5117-5106.
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if trades below these levels then expect 5065-5089.
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Sustained trading with volumes may take to even lower
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downside at 5061-5049.
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5183-5203 are strong hurdles.
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