Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days

Nifty Fut(NF) should give consecutive closing above 8590 & then 8675 zone for target of 8750-8800 by next few days.

On the downside, 8535-8505 zone should provide good support for the time being.

Expect some cyclical corrections from intermediate top from time to time in our market, which may scale 9500 zone by March'15 (Pre-budget & rate cut rally) and 10500 area by Dec'15, if there is fulfillment of 2-nd generation reform in budget as promised by our FM.

Trading Levels: Nifty Fut(NSE-DEC)    

		Gap Up/Dw	(Indicative)
SGX NIFTY	8588	7
				NF-DEC	LTP	8581
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8535		8577-8590	8613-8650*	8675-8705	<8515
Weak <	8515		8485-8463	8443-8420*	8371-8336	>8535
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8535		8590	8675*	8750	<8515
Weak <	8515		8463	8420*	8309	>8535