NIFTY FUTURES Opened today very flat. It spent the most of the day in a narrow 22 points movement from the High to Low.But in the Last Hour , Nifty Finally woke up to cross yesterdays high and closing the day @ 5269. The high for the day was 5282.
Its been an slow and steady climb for Nifty Futures. Once again the action seems to be in Individual stocks.Unless Nifty does not cross the 5300 mark the momentum will not return to Nifty.On the down side, the support for Nifty Futures is at 5180 – 5200 zone.
Our View on Nifty Futures is Positive. Only a close below 5180 will end the short term uptrend taking Nifty Futures back towards 5000 mark. On the Upside, The next is all the way up towards 5450 – 5500 zone.
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