13th Sept: Post 5460 Nifty Futures targeting 5520 level.

• Nifty Futures closed at 5447 which is 42 points higher from its previous close of 5405.
• After bottom of 5335 Nifty Futures traveled 118 points in just 2 trading sessions and is near the intermediate of 5460.
• On the daily chart the trend line connecting the earlier highs of 5455 and 5364 is showing resistance at 5520 which is a next target of Nifty Futures.
• Now the level of 5380 is immediate support and below that the next level is placed at 5330. 
• The short term RSI on daily chart is indicating still some steam left in current rally where the levels to watch are 5520 and 5635.
• 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 5470 & 5520 and support levels are placed at 5420 & 5380 respectively.