NIFTY FUTURES Opened Today with a Gap of 20 points @ 5329. It made an early lows @ 5308 and then spent the whole day in a lackluster session, closing @ 5330.
Nifty Futures has managed to held on above its support zone of 5280 - 5300. It has now turned out to be very critical for Nifty Traders. Only a breach below the 5280 mark will trigger fresk profitaking from the Bulls taking it to 5180 mark. On the upside, Nifty futures has to break above 5380 level to attract fresh buying.
Our View on Nifty Fututes is Bullish to Neutral. Unless the 5280 mark is not taken out, any Dip in the market can be used to enter in Nifty Futures.The immediate target for Nifty Futures is @ 5450, and if momentum continues all the way upto 5550.
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