Nifty future tasted bottom and then bounced back to crossover level of 4272 to regain upward momentum. However crossover of 4314 is now must to continue the rally. Else we may see second round of profit booking. Crossover of 4298 will lead Nifty future to crucial high of 4310 and then to weekly high of 4314. Decisive crossover of 4314 will lead Nifty future to the level of of 4328 and if crossed, to the level of 4344. On lower side violation of 4274 will lead Nifty future to the level of 4255 and if violated, t the level of 4242. Decisive downward crossover of 4242 will lead Nifty future to bottom of 4227. Resistance to upward move will be at 4314 and 4341 whereas Support will be at 4242 and 4199.
Renuka Sugar : Positional