Technical Outlook Of Indian Market (NIFTY FUT):3-5 days

For Medium Term (3-5 months), target of NF should be near 8150 zone & by FY-15, NF may scale up to 10500 zone; short term strong support is near 7100 zone & below that long term positional support will be near 6350 zone (Neckline of Inverse H&S).

Trading Levels for next 3-5 days:

		Gap Up/Dw	(Indicative)
SGX NIFTY	7423	32
				NF-MAY	LTP	7391
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	7415		7450-7490*	7505-7538	7563-7620	<7395
Weak <	7395		7369-7347*	7322-7294	7275-7250	>7415
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	7415		7490*	7538	7620	<7395
Weak <	7395		7347*	7294	7250	>7415

Medium Term Technical Outlook of Indian Market (NIFTY FUT): 3-5 months

NF is breaking out massive inverse H&S.

Measured TGT will be 8150 zone with neckline support around 6350 zone.

Technical Outlook Of Indian Market (NIFTY FUT): 3-5 days (For NF, 7100 zone is now strong support & 7615 zone will be strong resistance)

		Gap Up/Dw	(Indicative)
SGX NIFTY	7310	71
				NF-MAY	LTP	7239
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	7295		7325-7343*	7371-7400	7434-7450	<7275
Weak <	7275		7244-7222*	7174-7146	7120-7103	>7295
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	7295		7343*	7400	7450	<7275
Weak <	7275		7222*	7146	7103	>7295

Technical Outlook Of Indian Market (NIFTY FUT): 3 days (NF Could scale upto 7300 zone before 16-th May; Strong Sup @ 6680-6635 zone)

		Gap Up/Dw	(Indicative)
SGX NIFTY	6909	14
				NF-MAY	LTP	6895
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	6905		6929-6949*	6967-6981	7006-7045	<6885
Weak <	6885		6861-6847*	6818-6801	6770-6737	>6905
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	6905		6949*	6981	7045	<6885
Weak <	6885		6847*	6801	6737	>6905

Technical Outlook Of Indian Market (NIFTY FUT): 3-5 DAYS

		Gap Up/Dw	(Indicative)
SGX NIFTY	6727	3
				NF-MAY	LTP	6724
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	6690		6716-6737	6763-6784*	6801-6826	<6670
Weak <	6670		6649-6633	6599-6549*	6507-6465	>6690
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	6690		6737	6784*	6826	<6670
Weak <	6670		6633	6549*	6465	>6690

Technical Outlook Of Indian Market (NIFTY FUT): 3-5 days

		Gap Up/Dw	(Indicative)
SGX NIFTY	6791	-31
				NF-MAY	LTP	6822
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	6770		6802-6835*	6856-6884	6905-6922	<6750
Weak <	6750		6728-6701*	6684-6650	6616-6594	>6770
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	6770		6835*	6884	6922	<6750
Weak <	6750		6701*	6650	6594	>6770

Technical Outlook Of USDINR (FUT): 3-5 days

	SL</>0.05	FROM SLR
		USDINR	APR-LTP	60.4250	SL</>0.05	FROM SLR
			T1	T2	T3	T4	T5	T6	SLR
Strong >	60.8000		60.9500	61.1100*	61.3500	61.5200	61.7000	61.9900	<60.65
Weak <	60.6500		60.5045	60.3000*	60.1100	60.0000	59.8500	59.6400	>60.80

Technical Outlook Of Indian Market (NIFTY FUT):3-5 days

		Gap Up/Dw	(Indicative)
SGX NIFTY	6802	3
				NF-APR	LTP	6799
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	6770		6798-6833*	6862-6879	6900-6951	<6750
Weak <	6750		6731-6711*	6690-6664	6632-6600	>6770
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	6770		6833*	6879	6951	<6750
Weak <	6750		6711*	6664	6600	>6770

Technical Outlook Of Indian Market (NIFTYFUT): 3-5 DAYS (NF need to give two consecutive weekly closing above 6826 zone for further upmove to 7000-7500 zone; strong support 6710 zone)

		Gap Up/Dw
SGX NIFTY	6778	-20
				NF-APR	LTP	6798
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	6750		6768-6799	6832-6854*	6883-6905	<6730
Weak <	6730		6710-6685	6664-6641*	6617-6584	>6750
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	6750		6832*	6883	6947	<6730
Weak <	6730		6664*	6617	6570	>6750