NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat to positive note up by approx 13 points @ 5860 . It made an early attempt to break below the 5850 mark , but found good buying support @ 5860 level making the same as an intraday low. Nifty futures regained all the lost ground in the last hour to close the day at almost at the high point of the day @ 5912 , making an intraday high of 5914 in the process

Nifty Futures has kept its positive bias intact by closing above the 5800 mark from last couple of sessions , giving a very bullish scenario for the time being. It has to cross the mark of 5920 with good volumes and positive momentum to achieve the 6000 mark, and looking at the liquidity and positive momentum it seems very likely that the mark of 6000 will be achieved in the coming week. The down side seems to be capped at 5850 level for the time being , and any breach of this level will see Nifty futures sliding all the way down towards the 5700 level..

Our view on Nifty Futures is Bullish.

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