Nifty Futures Intraday Update

CHART - 2

• Nifty futures broke 5425 and is moving down to test the support line at the lower end of the range mentioned in the below chart.
• NF may give a long trade from here. But one has to be careful, if 5396 breaks NF may correct further.

CHART - I

• Nifty futures is showing a range of 5396 - 5461
• 5425 is the mean. 5425 is the low point for today till now.
• If 5425 breaks NF can slide to the lower end of the range.
• If 5461 breaks NF will favour bulls.