Nifty futures spend the whole day consolidating ahead of long Weekend.
Nifty Opened flat near yesterday’s close and was a Dull day.It was a narrow range day of only 46 points movement making a high of 4988 and a low of 4942.It gave a good higher close than last week, which is positive.We can expect the nifty to go much higher next week and meet resistance @ 5150 levels.
Our view on nifty futures is Positive. If Broken above 5011 in the coming week, it will lead to higher level. Only a close below 4780 will turn the market Negative. There is a minor Support @ 4850 level.
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