NIFTY FUTURES opened today lower by approx 20 points @ 6087 due to slight weakness in Asian markets. The weakness in Nifty Futures gained momentum as the day progressed and selling pressure was witnessed in last 2 hours of the session taking it down all the way towards the 6000 mark , making an intraday low of 6005. The intraday high of 6102 was registered in the early session . Nifty futures closed the day @ 6032 .
Nifty Futures is getting volatile ahead of the series expiry tomorrow. Nifty futures seems to be attracting fresh buying emerging at 6000 level and if broken on closing basis may witness a sharp fall towards the 5850 zone. On the upside the resistance seems to be creeping in at 6180 level. Only a close above the 6180 zone with good volume and momentum will attract fresh bout of fresh buying.
Our view on Nifty Futures is FLAT. We may witness a two side movement ahead of the expiry .
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