NIFTY FUTURE TRADING LEVEL FOR 12-05-15

12-05-15NIFTY

NIFTY SPOT DAILY CHART

NIFTY FUTURE LAST CLOSE:8342.15

Yesterday updated, Nifty future will face hurdle around 8262 crossover can rise up to 8301 ,if closes above 8301 then this rally can gain more momentum till 8540 soon , unwind long positions at 8301 and wait to see if it closing above 8301… keep eye on 8199 if breaks and sustains for few minutes than can slide till 8160…. MAKES A HIGH OF 8356.85 AND LOW OF 8210.55

Today will face hurdle around 8352 if sustains for few minutes than can rise up to 8378, above 8378 if trades with volume than 8419 possible, crucial support 8311 if breaks than 8270 below 8270 PANIC SELLING CAN SLIDE NIFTY FUTURE TO 8203

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About ASHISH JAIN

13 years experience in MCX , NSE & COMEX
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