Nifty Future 1st August

Nifty Crossed Hurdle 5215 & Close Above It
Now Next Hurdle 5256 Will It Cross ?

Yesterday RBI credit policy action Unchanged deposit rates but 1% SLR cuts

NF below 5215 went to next support 5180 made low 5168 again above 5180 

went to 5215 above it made high 5247 & close 5240.55

Now What To Expect ?

NF next Major Hurdle @ 5256

If break 5256 see 5280-5310

NF support @ 5234

Below it see 5215

Imp Support @ 5215

Above 5215 no problem for bulls

Below 5215 again see 5180

“ Buy on the cannons, sell on the trumpets.” -Old French Proverb.

Have A Good Day