NIFTY Futures Opened today marginally lower by 20 points @ 4830. This was the low point of the day and Nifty futures quickly rallied back above 4850. It made an intraday high of 4889, just shy of 4900 mark and finally after a good two way movement closed the day @ 4880.
Nifty after gaining in the early session, spent the whole day in a narrow and lackluster choppy session. It is still struck in range of 150 points with 4950 on the higher end & 4800 on the lower side.The Volumes are drying up ahead of the Big Events, So expect Nifty to be in a trading range for a while.
Our View on Nifty Futures is Neutral For Now. Only a breakout of this Trading band will trigger the next possible trend for Nifty Futures. Above 4950, the immediate Resistance is 5050 and Below 4800, the immediate Support stands @ 4670.So, be prepared for the swing on the either side.
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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