NIFTY Futures opened today on a positive note getting its cues from US markets at 4908. It made an attempt towards 4950 mark, in the process made an intraday high of 4928, but sold off from those level.Nifty briefly broke below 4900 level, making an intraday low of 4878. But manage to close @ 4903.
Nifty spent the day consolidating yesterdays gains moving either side. The near term hurdle for Nifty futures is the 4950 zone, once this is taken out the next possible resistance is 100 points up at 5050 level.
On the downside, the near term support stands at 4850 area.
Our view on Nifty Futures is Positive. Any dip in the markets should be used as an opportunity to Buy Nifty with appropiate Stoplosses. The upside target for Nifty is 4950, and with strong momentum all the way upto 5050 mark. On the downside, a close below 4820 zone , will end the short term up move.
OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH
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