10th September: Nifty Futures heading towards earlier high of 5460

• Nifty Futures closed at 5389 which is 30 points higher from its previous close of 5359.
• After a steep fall of 226 points from the high of 5463 up to the low of 5237, Nifty Futures rebounded and moved above 5350.
• The closing of Nifty Futures is seen near 62% retracement level at 5380 of above mentioned fall and is now heading towards earlier high of 5460 .
• An upward price gap of 41 points seen on daily chart between 5326 & 5285 will provide a strong support if any corrective trend is seen .
• A positive short term RSI and daily trading volumes are suggesting a continuation of positive movements and high probability of testing of 5460 .
• The next timing cycle day to watch is placed on 17th & 18th September where reversal may be seen on the charts.
•  The short term trend of Nifty Futures is positive till it trades above the reversal level of 5170. 
• The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5000 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5410 & 5460 and support levels are placed at 5360 & 5320 respectively.