Nifty Fut(NSE-APR): On the way to 9300-9700 ?

Technically, NF (LTP:8805) has to sustain over immediate hurdle of 8820 & 8875 for 9200-9300. Looking at the chart, consecutive closing above 8875, there is no major resistance until 9012 & 9191 zone. Sustain above 9200, it could easily scale to 9300-9415-9700 zone by June'15 (Dovish FED & RBI rate cut action may be the key drivers).

On the flip side, immediate positional support is around 8760-8725 zone & below that 8685. Consecutive closing below 8685 area, NF may be crashed to 8532-8480-8328 territory again.

Improved IIP figure may help our market, although it may be also translated for possible RBI rate cut pause immediately. Market will keenly watch inflation & earning figures, although there is much skepticism and market is already discounted muted earning growths in Q4, any major positive or negative surprise will trigger the volatility and "BUY ON MAJOR DIPS" may be the best strategy going ahead. Outcome of key bills like Land & GST in the coming parliament session may also act as a major trigger in the near term.

Globally, S&P-500 (LTP: 2094) is also poised for record high & near term target may be around 2215
(http://asisjpg.blogspot.in/2015/04/s-on-way-to-2215.html).

Today's morning China trade data, although much below market expectations (excuses may be lunar new year & relatively strong Yuan among others), its also heightened the expectation of another targeted mini Chinese stimulus.

In any way, there is no dearth of global liquidity and over the years, it seems that the four pillars of  our global economy (FED/EU/BOJ/PBOC) are closely coordinating and in the process, ensuring enough liquidity in the financial system, thus preventing any major melt down in the global financial market and also ensured its stability.

Trading Levels: Nifty Fut (NSE-APR)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8810	5
				NF-APR	LTP	8805
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8780		8820-8850	8875-8905*	8920-8960	<8760
Weak <	8760		8737-8725	8685-8640*	8615-8591	>8780
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8780		8850	8905*	8960-9012	<8760
Weak <	8760		8725	8640*	8591-8532	>8780