Another lackluster session by Nifty Futures.
Nifty Opened today @ 4811 with a gap of almost 30 points. It made a low of 4790 and manage to hold that all day Long. And mere out of frustration it manage to close @ 4837.Only a 48 point movement day for the Nifty.
Our view on nifty futures is Cautious.But it has given an important weekly close above 4760.A move below 4780 will trigger weakness in the near term. It has to break above 4900 to head higher or a break below 4570 will be devastating and end the uptrend.
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