With reference to the trading movements of Nifty futures for the past week, it came from a week low of 7946 to to a week high of 8250 level which gives a nett growth of around 300 points. It also hints an average of intraday depth of around 70 points in each day trading.
Considering these levels to the extend possible, the current scenario of Nifty future is mostly depends on the global cues like crude prices,Grees woes and pre-hike of FED rate sentiment and few other internal cues will also come under play.
However the Nifty future may perform to reach a high of 8550,if not it won't hesitate to come to a bottom of 7847. The trading opportunity of intraday levels are intact with 40 to 80 points on either side of the movement.
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