NIFTY FUTURES

SINCE NIFTY FUT IS TRADING BELOW ITS 50 DMA OF 4244.

THATS WHY IT HAS BECOME BEARISH.

4244 WILL NOW ACT AS A MAJOR RESISTANCE AND BEARS ACTIVE BELOW 4244

MEDIUM TERM TREND TURNS DOWN IF THE INDEX TRADES BELOW THE 50 DMA

NOW IF DOES NOT HOLD ABOVE 4222 THEN 4194 HOLDS MAJOR SIGNIFICANCE.

NIFTY FUTURES HAS TO CLOSE ABOVE 4262 OR ELSE FURTHER UPSIDE REMAINS CAPPED.

READ THE "DOWNWARD VIEW OF NIFTY FUTURES" MENTIONED IN THE "INTRADAY TREND REPORT AS OF TODAY.