NIFTY FUTURES opened today on a flat note @ 6049 due to the subdued mood from the Global markets. It traded in a narrow range of 6000-6060 through out the day testing both the ends . Nifty Futures made an intraday high of 6065 in the early session ,and tested the intraday low of 6003 in the second half of the trading session. It closed the day @ 6056 level.
Nifty Futures seems to be consolidating in this range of 6000-6100, after the sharp rally of pass few sessions. It found good buying support at the psychological 6000 mark and if broken then the next level of 5950 may act as a new support zone. On the upside the level of 6090 has to be breached with good volumes and positive momentum , to resume its upward journey towards the 6180 area.
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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