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

Nifty Fut(NF) now has to sustain above 8316 for 8450-8500 zone. On the downside, 8270 area should provide good support today & below that 8208 will be the positional support.

For S&P, 2055-2066 may offer some resistance and sustain above that we could see the life time high again (as FED is in no hurry to raise interest rate and in "PATIENT" mode given the weak global growth prospect & lower inflation).

For Crude, 47-45$ zone should offer strong technical support zone going forward, unless OPEC thinks otherwise (to crush Shale oil industry).

Trading Levels: Nifty Fut(NSE-JAN)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8315	60
				NF-JAN	LTP	8255
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8290		8316-8343*	8363-8395	8423-8450	<8270
Weak <	8270		8240-8208*	8184-8157	8116-8095	>8290
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8290		8343*	8395	8450-8492	<8270
Weak <	8270		8208*	8157	8095-8000	>8290