Nifty Future for July 7 - Santosh Gundecha

As written earlier on July 4, I had said ‘The political drama continues’. It is still continuing and looks it will go on for some time - at least till July 15, as per our astro guess.

However, this time political situation looks a little different than it used to be earlier especially in crisis. It looks a little better and stable as of now (The silver lining which was visible on July 4 is looking more brighter). But as said earlier ‘nobody can be sure of politicians and take them granted’. But let’s hope for the better, as this is how it looks.

Nifty futures for July 7: If it trades above 3980 it has targets of 4045 > 4080-4100 > 4180.

But if we trade below 3980 we have support of 3940-3910 and then 3870.

For the week, we can see targets of 4230-4330 on the upside and if it moves south (thanks to the political chaos) we have good support at 3810-3750.

I am in favour of buying at dips near supports.