Lower plan outlay/govt. spending in the railway budget than the market expectations spooked the market yesterday---but it may be a over reaction. Overall, execution will be the key & market will look forward for the road map in the budget tomorrow.
For NF, 7449 zone may offer substantial support going forward.
Daily Trading Levels: Nifty Fut
| Gap Up/Dw | (Indicative) | |||||
| SGX NIFTY | 7644 | 13 | ||||
| NF-JULY | LTP | 7631 | ||||
| SL >/< 5 POINTS | FROM SLR | |||||
| Intraday Swing | Trader | |||||
| T1 | T2 | T3 | SLR | |||
| Strong > | 7610 | 7645-7660 | 7675-7698* | 7715-7757 | <7590 | |
| Weak < | 7590 | 7574-7559 | 7519-7505* | 7463-7449 | >7610 | |
| FOR | Conservative | Positional | Trader | |||
| T1 | T2 | T3 | SLR | |||
| Strong > | 7610 | 7675 | 7715* | 7790 | <7590 | |
| Weak < | 7590 | 7559 | 7505* | 7449 | >7610 | |
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