Nifty Future Hurdle 8370
Resistance 8450 8500
Supports 8180 8060
If Nifty Future remains below 8295 Future level the bears are in control and market is weak for more correction. The supports at 8180 and 8060 the upside potential will open up once nifty future sustains above 8295 this will make bears exit the shorts and above 8370 we expect a big rally again to begin.
The volume on charts as of now is favouring bears as the falls have seen higher volume in comparison to bulls.
thanks
sir.new week nifty f&o==12.==1==2015