NIFTY FUTURES AFTER THE INITIAL RISE FAILED TO BREACH THE GIVEN LEVEL OF 6006 THAT SAW MASSIVE SHORTING FROM AROUND DAY’S HIGH OF 5998 WHICH PULLED NIFTY DOWN TOWARDS 5944 FOLLOWED BY 5934 TO 5928 TO BOUNCE UP AGAIN TO CLOSE FLAT. ON THURSDAY ALSO EXPECT SIMILAR MOVEMENT IN NIFTY WITH A FLATTISH BIAS.
IN CASE OF AN INTRADAY DOWN SWING, AS LONG AS 5940 OR MORE IMPORTANTLY 5930 HOLDS THERE IS EVERY POSSIBILITY OF A GOOD BOUNCE. A FAILURE ON THE PART OF BULLS TO PROTECT 5930 CAN SEE FURTHER SLIDE TOWARDS 5913 FOLLOWED BY EVEN 5898 FUTURE LEVELS. SIMILARLY ON THE HIGHER SIDE A DECISIVE BREACH OF 5995 TO 6000 FUTURE LEVELS SHOULD BE DECISIVELY BREACHED FOR FURTHER UP MOVE TOWARDS 6024 FOLLOWED BY 6040 FUTURE LEVELS.
IN CASE OF AN INTRADAY DOWN SWING, AS LONG AS 5940 OR MORE IMPORTANTLY 5930 HOLDS THERE IS EVERY POSSIBILITY OF A GOOD BOUNCE. A FAILURE ON THE PART OF BULLS TO PROTECT 5930 CAN SEE FURTHER SLIDE TOWARDS 5913 FOLLOWED BY EVEN 5898 FUTURE LEVELS. SIMILARLY ON THE HIGHER SIDE A DECISIVE BREACH OF 5995 TO 6000 FUTURE LEVELS SHOULD BE DECISIVELY BREACHED FOR FURTHER UP MOVE TOWARDS 6024 FOLLOWED BY 6040 FUTURE LEVELS.
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