Nifty Futures in a strong Expiry .........
Nifty futures opened in a flat to weak note @ 5214 . It spent most of the day in a very narrow range of approx. 25 points. Today being an expiry session , it became volatile in last hour closing at almost the high point if the day at 5160.
Nifty futures has a strong support at 5180 - 5200 area. A break of the important 5180 are will take the market towards the strong psychological area of 5000. On the upside a break of 5300 level with very good Volumes will take Nifty Futures towards the medium term targets of 5450 – 5500.
Our View on Nifty Futures is Bullish. Most of the Nifty 50 Scrips are Range Bound mood awaiting a trigger on either side.A close below 5150 – 5180 zone will end the short term upside
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