Nifty Fut(NF) now has to give consecutive close above 8315 and then 8450 for life time high again around 8665 zone. If there is successful passing of Insurance & Coal bills (by ordinance route on 05/01/2015 ??, if present Parliament logjams fails to clear it), then NF could touch around 8800 zone by the first 10 trading sessions of Jan or so.
On the flip side, consecutive closing below 8315, may again invite 8200 & 8100 zone.
Keep an eye for today's Jharkhand and J&K poll results, which may prove to be a little game changer or change of sentiment in favour of Modinomics. It could also be an early trend for an end of regional politics in India.
Trading Levels: Nifty Fut-I
| Gap Up/Dw | (Indicative) | |||||
| SGX NIFTY | 8350 | 9 | ||||
| NF-DEC | LTP | 8341 | ||||
| SL (+/-) 10 POINTS | FROM SLR | |||||
| Intraday Swing | Trader | |||||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8335 | 8360-8375 | 8395-8421* | 8450-8502 | <8315 | |
| Weak < | 8315 | 8284-8264 | 8240-8208* | 8195-8143 | >8335 | |
| FOR | Conservative | Positional | Trader | |||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8335 | 8395 | 8450* | 8502-8665 | <8315 | |
| Weak < | 8315 | 8264 | 8208* | 8143-8100 | >8335 | |
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