NIFTY FUTURES for 8th August

NIFTY FUTURE

Last close 11418.35

The bullishness to continue. For today trading expect it to flare upto 11447, there could be a minor profit taking led sell-off around this levels. Smart day traders can even short around 11447 keeping stop loss of 11488…!!! On the lower side unless it goes below 11341, there is no danger to this upswing. Break 11341 will show first sign of weak-ness and then we may see sharp sell-off straight away upto 11291.