NIFTY FUTURE WEEKLY
Last week was the 10the week, when Nifty Future remained within the 4700-5200 range. The only difference this time is that we have the best close near the higher end of the range, with lot of promise that we should cross theis hurdle next week and fill the gap at 5300 !
Looking at the last week's close, it is quite likely that we fill the last of the major up side gaps at 5300. However, for this to materialise, we must clear the hurdle at 5225.
Do enjoy the ride on the up side, but be nimble footed to get out of the train, if for any reason NIfty Future does not sustain above 5225.
As Reliance and Infosys have been key drivers of this up move, please note that 880 for Reliance and 2835 for Infosys remain strong resistance levels.
With Best Wishes,
Ketan Asher.
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