Market View:-
Nifty future could not cross high of 4159.60 and retraced to fill the gap. For today's trading crossover of 4138 will lead Nifty future to day's high at 4146.40 and if crossed over, to the level of 4172. To continue upward movement crossover of 4183 is must. On lower side violation of 4121 will lead Nifty future to day's bottom of 4101.10 and if breached, will move down to the level of 4096 and then to 4089. Daily close below 4096 will weaken the position. Resistance to upward move will be at 4151 and 4171 whereas Support will be at 4105 and 4080.
MILD BULLISH
CLOSE 4131 R1 4151 R2 4171
S1 4106 S2 4081
TREND Volatile
We expect Nifty fut to trend rangebound with positive bias.
Sustain above 4180 levels will attract more short covering.
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