Technical Outlook Of Nifty Fut(NSE-NOV):1-3days

NIFTY SPOT (NS) should give consecutive closing above 8177 zone for target of 8500 in short term. Positional support for NS is now 8090 zone.

Improving economic macros, various reform initiatives,positive FII/DII inflows, favorable assembly election outcome etc are all helping our domestic markets & its basically a "buy on dip" market for the last few quarters.

Globally also, there is no dearth of liquidity (thanks to EU ABS & recent Japan Pension Fund news) & Fed is in no hurry to increase interest rates at least until June'2015 with lots of caveats.

Trading Levels(NIFTY FUT- NOV):

		Gap Up/Dw	(Indicative)
SGX NIFTY	8245	47
				NF-NOV	LTP	8198
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8260		8279-8300*	8325-8356	8382-8400	<8240
Weak <	8240		8214-8198*	8172-8149	8120-8099	>8260
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8260		8300*	8356	8400	<8240
Weak <	8240		8198*	8149	8099	>8260