NIFTY FUTURES opened today on a flat note @ 6125 due to the subdued mood from the Global ad Asian markets. It traded the session in a narrow range of approx 30 points making an intraday low of 6094 in the process. It made a brief attempt to move higher in the last hour of trading buy failed to do so making an intraday high of 6141 and finally closing the day @ 6109 .
Nifty Futures seems to be still in a volatile mood of the last couple of days moving sharply in the either direction looking for the fresh cues. On the upside the level of 6180 is acting as a barrier for the time being , and any break of this level on the upside with good momentum and volume will move it higher towards the 6350 – 6400 zone. On the down side the level of 6000 is acting as a good buying zone and any breach of this level on closing basis will take Nifty Futures to much lower levels.
Our view on Nifty Futures is Bullish. Any dips in the Nifty Futures could be treated as buying opportunity with a proper stop loss.
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