12th Sept: Nifty Futures needs to hold 5300 for continuing the uptrend.

• Nifty Futures closed at 5405 which is 33 points higher from its previous close of 5372.
• After a dip below 5350 Nifty Futures rebounded and closed above 5400 mark.
• Closing above 5400 is suggesting the level of 5450 -5460 which is earlier high where temporary halt may be seen.
• The immediate support level for Nifty Futures is placed at 5380 and it needs to sustain above 5300 for continuing the uptrend. 
• The short term RSI on daily chart is still in buy mode which is well supported by trading volumes seen on daily chart.
• 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 5420 & 5460 and support levels are placed at 5380 & 5320 respectively.