NIFTY FUTURES : HUGE SPURT ON CARD

NIFTY FUTURES

Last close 10859.85

Tracking the derivate data points, Nifty future witnessed a surge in open interest to the tune of ~13.07 lakh shares indicating an addition of long positions.

Now onwards appreciating rupee against the dollar and fresh buying by domestic institutional investors will add to the momentum.

Again writing Sharp bounce could take this to 10896 which has to watch out initially, Cross over will take this to 10943. On the lower side strong support exist at 10801..!!!