Nifty Fut (Jan): 8005-8055 Zone May Be The Big Hurdle---

NF has to sustain over 8005-8055 zone for 8345-8405;

Otherwise, 7745-7540 may be on the card again

Real effect of Winter Parliament wash out & Global/China market meltdown 

may be felt now, despite Budget Session/GST hope in March 

Trading Levels:

SGX NF: 7925(CMP)

NSE NF: 7983

	SL (+/-) 10 POINTS	FROM SLR
For	Intraday Swing	Trader
			T1	T2	T3	T4	T5	SLR
Strong >	8055		8085-105	8160-230*	8266-305	8325-345*	8375-405	<8035
Weak <	8035		8005-974	7930-900*	7859-833	7805-745*	7705-675	>8055
FOR	Conservative	Positional	Trader
			T1	T2	T3	T4	T5	SLR
Strong >	8055		8105	8230*	8305	8345*	8405-85	<8035
Weak <	8035		7974	7900*	7833	7745*	7675-540	>8055

Technically, NF may be in the B wave in the daily EW set up and the extended target may be around 8000 zone. In that scenario, corrective C wave target may be around 7795-7540-7450.

 

Analytical Charts: