NIFTY FUTURES CLOSES ABOVE 5200...........
Nifty futures opened today with a huge gap up of 52 points @ 5080. This was the low point of the day and Nifty futures quickly rose above 5150 level aswell. And towards the closed , Nifty Futures gathered renewed strenght to close near the highs above 5200.
NIFTY Future made a tremendous comeback after recent days selloff due to greece situation.The Nifty had gone into a serious over sold zone which has been corrected today. Nifty is still not out of the woods yet. Only a close above the 5300 level is required to turn the short term trend positive.There is minor resistance on the charts @ 5250 zone.
Our view on Nifty Futures has turned Neutral to Positive for now.The minor support for nifty futures is @ 5125 zone and only a close below the 5080 level will take nifty futures back towards the recent low of 4975.
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