Nifty Future for September 4 - Santosh Gundecha

Nifty future has good support at 4210 -4150 (which was held in the August expiry too). The trendline support looks good. Nifty can move up on the back of falling crude prices (although Dow is not supporting as of now!).

One can expect a possible pullback (may be on Thursday or Friday). Nifty future has a rest at 4650-4725. It will require much effort to cross these hurdles.

PS: The Political Drama on Nuke deal is set to give the expected pull back.

One can go long on pull back , near the supports.