15-2-2015 - NIFTY ( Futures )

            NIFTY ( Futures ) has given a close at 8841.55. We have posted earlier that if NIFTY closes above 8660, we might see 8720 & 8820. See the result in just 2 days. NIFTY On 11^th Feb., 2015, closed at 8670.90 and within 2 days after that we have a close at 8841.55. Definitely a new fresh long entry is difficult at this point in time in NIFTY. The bias is strong and positive. So the trade must be on the long side. The first target

and resistance is in between 8880 & 8900. The second target can be seen at 9000. A strict and closing basis Stop Loss must be maintained at 8720. Further levels will be discussed later on in this blog.