NIFTY FUTURES IN A NARROW CONSILDATION MODE …………………..
Nifty Futures opened flat to lower by 15 points today @ 5305. It was again stuck today in a very narrow rang of 35 points making an intraday low of 5298 and intraday high of 5334 in the process , and finally closing the session @ 5309 .
For now Nifty futures is stuck in a very narrow range of 5250 – 5350 zone and waiting for fresh cues to move in the either direction. As mentioned yesterday it has to break pass the 5350 mark with good volumes and strong momentum to show any positive bias on the upside. On the down side Nifty futures should not break the 5250 mark , as the next level after this comes in at 5150 and thereafter at psychological 5000 mark.
Our View on Nifty Futures is still Neutral . The important levels to watch for is 5350 on the upside and 5250 on the down side . A break on either side will move the market swiftly in that direction by approx 200 points.
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