Nifty Future is moving under tight range from last two trading sessions and is not able to break 200 Days Moving Average. It is forming Higher bottom pattern. It is signal of uptrend and closed near to its days high .Nifty future can take up move above 5755 level. If it breaks 5620 level we can see some more corrections in it. One should wait for proper break out resistance which is at 5755/5860 and it has support at 5672/5630. The Nifty Index continued its upward march for the second consecutive day and ended with gains of 1.22% at 5724.05. On the derivatives front we have seen that the Nifty Futures prices surged along with an increase in the cost of carry but witnessed decline in open interest, this is an indication that markets rose more on account of short covering. On the options front the OI PCR and VOL PCR continues to trade below the level of 1.00. The Indian Volatility Index (VIX) witnessed decline of 8.95% suggesting some positive moves to continue.

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5670& below this level the next support is seen near 5630 mark.

RESISTANCE: It has first resistance close to the level of10955& above this level the next resistance is seen near the 11185 mark.

SUPPORT: It has first support close to the level of 10300 & below this level the next support is seen near 10171 marks.

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