Nifty future hurdle 8900
Resistance 8950 9000
Support 8700 8650
Trading with no plan can be devastating for your capital as well as emotions. Nifty future has been steadily moving upwards from last few trading sessions. We have seen a decent recover already after march 2015 FNO expiry.Nifty future closed the week at 8811.45 this is slightly above the 50% Fibonacci retracement from the recent bottom.
The short-term and medium term trend are now up but the volume is low in the rally. Relative strength index is now at its resistance zone at 58.15. Now week ahead beginning from 13 April 2015 nifty future shall face hurdle @ 8900 once sustain this level next move for 8950/9o00 shall begin. On downside the supports are 8700 and 8650 below which we can see sharp correction towards 8500.
Note: We at wealthcreator trade nifty future & bank nifty positional, short-term on our given recommendations. leading upfront with our own funds. Interested traders can contact Email :firstname.lastname@example.org