Nifty Future:

The powerful upmove of 800 points in Nifty would have surprised traders, as many were in wrong footing, shorting the market taking cue from INR movement.

I have very clearly written on 21st August, 2013 in 9 AM that Nifty will moveup by 500 points. I have also written on 13th August in 9 AM, Nifty keeps testing the level of 5935 every settlement religiously since January, 2013. And now Nifty is very closely placed to this level and again will test 5935 either today or in next few days.

This upmove can face pressure around 6085 and might find difficult to close above 6130 at the end of the day.

On downside, it could correct to 5800 and close below 5754 in EOD, can inflict further damage to 5500.

Lets see how market unfolds in next few sessions !!

Stock Future:

The Charts of Hind Lever, Mcdowell, Reliance Industries, Reliance Infra and Rec Ltd are bullish and should do well.

Good Luck !!