Now-a-days it is very difficult to trade even in Nifty Futures.Volumes are very Low.Normal volume for Nifty Future is 3.5-4 crores per day.But for last four trading session the volumes are 2.3 – 3 crores only. Overall view – Weak.Fluctuation in crude price is having more impact on our market.Crude is taking major support at $110 - $111.It may bounce from these levels.
Gold also taken a good support at $775 and bounced.Both Crude and Gold are in BUY mode.Still FIIs are net sellers only.
Major Resistance at 4406 / **** / **** / 4530 .
Major supports at 4307 / **** / **** / **** / 4162.
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