25th June: Weekly close of Nifty Futures at 5150

• Nifty Futures closed at 5151 which is 23 points lower than its previous close of 5174.
• Though Nifty Futures opened with 63 points downward price gap, it managed to recover the losses and intraday high was seen at 5167.
• Nifty Futures is likely to test 5235 and next target is placed at 5300.
• On weekly chart 3rd consecutive positive closing is seen suggesting 5300 is in the near vicinity. 
• Long positions are recommended in Nifty Futures with a stop loss of 5020 for initial target of 5300.
• The volume pattern on the daily charts is indicating high volumes in the uptrend and thus suggesting strength in the current uptrend.
• The timing cycle is indicating upward breakout of 5150 on weekly charts and strong momentum may be seen pushing the Nifty Futures in northward direction.
• The intermediate trend of Nifty Futures is in downward direction and reversal will be confirmed above 5300 levels on closing basis.