NIFTY FUTURES opened today on a positive note up by 38 points @ 6070 after the positive closing from the US , Europe markets and positive trading from Asian markets. It made an early attempt to break above the 6100 mark , but found good selling pressure emerging @ 6090 level making an intraday high of 6093 . It registered an intraday low of 6043 in the last hour , finally closing the day @ 6048.
Nifty Futures is showing extremely positive momentum and seems that the new high is inevitable. It has to pass buy the 6100 zone with good volumes and positive momentum to test the next resistance @ 6180 area. On the downside the area of 6000 and thereafter the 5950 mark may act as a good support zone with new buying emerging at this levels.
Our view on Nifty Futures is Bullish. Any dips in the Nifty Futures towards the 5950 area can be treated as buying opportunity with appropriate stop loss.
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