NIFTY Futures opened today with a Gap of around 50 points at 5133. It met with some stiff resistance at the 5150 zone which was almost the intraday high.The buying was seen near the 5100 level as the intraday low was @ 5105.The close for the day was @ 5118.
The break above 5100 level is good for the Nifty Bulls. Now the only resistance for Nifty stands betwwen the 5180 - 5200 area. On a break pass 5200, we could easily see Nifty futures making new highs. On the downside, the near term support now stands at 5050 area.The next major support comes all the may @ 4920 zone.
Our View on Nifty Futures is Positive. Any Dip in Nifty Futures should be used as an Buying opportunity for 5200 level.Only a close below the 5000 mark will end the near term upside momentum and take nifty back down towards 4900 zone.
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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www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
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