NIFTY FUTURES AFTER THE BIG RISE FOR 3 DAYS LAST WEEK, IS LIKELY TO REMAIN RANGE BOUND SIMILAR TO MONDAY WITH A BULLISH BIAS. INTRADAY SUPPORT FOR NIFTY FUTURE IS GOING TO BE AROUND 5888 TO 5880 BELOW WHICH I MAY SLIDE TOWARDS FRIDAY’S LOWS OF 5868 TOWARDS 5860 FROM WHERE ONE MAY EXPECT A SOLID BOUNCE AGAIN IN NIFTY FUTURES. SIMILARLY ON THE HIGHER SIDE SUSTAINING ABOVE 5933 TO 5936 MAY LIFT NIFTY FUTURES TOWARDS 5947 TO 5953 ABOVE WHICH EXPECT ANOTHER RISE TOWARDS 5965 OR HIGHER LEVELS. A DAY OR TWO OF FLAT PAUSE AFTER THE BIG RISE OF LAST WEEK ARE WELCOME SIGNS FOR THE BULLS AND MEDIUM TO LONG TERM INVESTORS SHOULD BOLDLY BUY THE INTRADAY DECLINES AND HOLD FOR GOOD GAINS WITH STOP LOSS BELOW THE FUTURE’S LEVEL OF 5858.
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