NIFTY FUTURES : PREVIEW

[K.Karthik Raja]

Nifty futures closed around 4800 today and which is likely to show
some positive moment if market opens with atleast 50 pts
tommorrow.Today a bright short covering in the market shows potential
of "U" turn after very long time.Nifty futures is facing strong
resistance around 4926 and if it breaks it is expected to test 2nd
resistance too @ 5120. In 5120 levels market is expected to have
profit booking and further it may test 5466 as final level before
correction.These above resistance may hit if only market opens and
closed atleast 50 pts from todays level.Otherwise we may see some pain
if nifty futures cracks below 4411 levels which is considered to be
strong support.Market seems to be some volatile before upmove.Indian
market is looking good support from US market before 9.50 daily but it
is deciding it own fate during the market hours and we are extremely
divesified from the global market. So Tommorrow market is very crucial
for indian market.

Be an optimistic and we hope our market will open with 40- 50 Plus and
should maintain the momentum till close.


K.Karthik Raja
www.kences1.blogspot.com