Nifty Future Hurdle : 8630
Resistance : 8665 8710
Support : 8565 8530
Nifty December future made low 8540 and closed the week at 8582.55 Till if remains below 8630 the short term trend will remain down. The next support for the market is at 8530 below which expect correction up to 8420. The weekly trend for nifty turned negative. The momentum indicator RSI has also turned downwards direction.
Fresh buying & short covering will happen in nifty future only once market sustains above 8630 future levels.
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