14th Sept: Support zone for Nifty Futures 5400 - 5350

• Nifty Futures closed at 5451 which is just 4 points higher from its previous close of 5447.
• Nifty Futures moved in narrow range of 20 points throughout the day from 5435 till 5455 waiting for a positive trigger.
• Nifty Futures is now trading near its previous high of 5463 and any movement above this would stretch it further till 5520 level which is a trend line resistance.
• Any corrective movement is likely to find support near the level of 5400 and below that next level to watch is placed at 5350.
• Current weekly close above 5380 will confirm positive weekly close and closing above 5460 will indicate a strong momentum for coming days.
• 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 5400 & 5350 respectively.