Nifty Future:

For the day it will be crucially placed when it nears 6100 and it has covered all the losses it made when rupee hit all time low of over Rs.61.

As a trader one needs right level to trade in market, else he will be wipedout from market.  The conventional technicals work only to an extent and one has to adapt to new and different strategies to be successful in trading..

Market is dynamic and so also strategies for trading..

In Stock futures, yesterday SBI did bounce from lower levels and can continue to outperform till 1875 – 1900  and Infosys could moveup on momentum to 2900 as bulls have comeup again after a day’s correction.

Good Luck !!