Technical Outlook Of Nifty Fut-A 360-degree Approach:2-5 days

For NF, 7950 zone will offer resistance & above that 8125 zone will be the target.
On the downside, 7835-7817 zone is positional support as of now & below that 7743 zone will be the target.
At Jackson Hole symposium, it appears that Yellen/Fed is on the middle path & there are many caveats for an early fed rate hike before June-2015. Draghi is also ready for further QE & other weapons, if deflation & negative  growth accelerates in EU. But both of them are behind their own curves to raise interest rates. Overall, we are in ample liquidity, thanks to Fed, EU & Abenomics. Due to some risk in Russian market, funds are flowing out from there to land into EM(s) like India & China.Many FII(s) are sitting on the sideline to invest in Indian Market on some correction/dips & have considerable faith in Modinomics. Though any meaningful big bang reform yet to come in to our economy, market is realizing that there are siezable ground works going on for the same in a continuous basis proactively by the present Modi Govt.

On the flip side, some adverse Ukrainian headlines could pose some risk off in global markets as well as ours. But personally, I don't think that will pose a major problem for our market.

In the bottom line, our Indian Market is now in multiyear/secular bull market & should target NF @8150 zone in short term & 10500 in medium term.

Trading Levels: Nifty Fut

		Gap Up/Dw	(Indicative)
SGX NIFTY	7914	-22
				NF-JULY	LTP	7936
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	7950		7978-7992	8007-8025	8063-8125	<7930
Weak <	7930		7903-7890	7857-7835	7817-7772	>7950
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	7950		7992	8025*	8063-8125	<7930
Weak <	7930		7890	7835*	7772-7743	>7950