Hope u all remember our intraday support level of
7880 below 7901
Yesterday, (as mentioned before market opening) in the down side, Nifty Futures that is unable to sustain above 7901, reaches the low of 7881 exactly as we predicted.
Also it has been exactly forecasted that it would be a volatile session after 10:40 AM - All these happened or not?
All the way, Nifty has run more than One thousand three hundred points since last MAY 2014 and is cooling off now
As the result, NF now caught between 7872 & 7930
Crossover of these levels with good volume (and also able to sustain for 15 minutes beyond these levels) would take NF to next levels upto 7960, 8000 in upper-side
or upto
7830, 7790 in case of a normal slide.
Otherwise Nifty futures continues its cool off stage till then.
Probably it needs a GAP open today in case of any urgency.
Mark the levels and trade with care.
ALL THE BEST
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