NIFTY FUTURE OUTLOOK FOR MONDAY 25 AUGUST,2014

• Trading for the week began with a bang as key benchmark indices rallied on Monday, 18 August 2014 after Prime Minister Narendra Modi on Friday, 15 August 2014, in his first Independence Day address to the nation emphasized the need for better governance and stressed on the need to promote the manufacturing sector. Nifty Future opened at 7762..made a high of 7811 and low of 7748 and ended at 7803.nifty future moved in a range of 63 points throughout the day.
• Market eked out small gains on Tuesday, 19 August 2014 after seeing intermittent volatility in intraday trade. Nifty future edged higher and hit a fresh high of 7886 at the onset of trading session. It made a low of 7772 and finally recovered from here to end at the level of 7872, total 114 points was moved by nifty future throughout the day.
• Market dropped on Wednesday, 20 August. nifty future started at 7896 made high of 7923 and low of 7888 and closed at 7907 total 35 points was moved by nifty future throughout the day..
• Market edged higher in choppy trading session on Thursday, 21 August 2014. today nifty future started at 7909 made a high of 7915 and low of 7881, and closed at 7882, total 34 points nifty future moved throughout the day.. 
• Market edged higher in a volatile trading session on Friday, 22 August 2014 . Nifty settled above the 7,900-mark for the first time, boosted by gains in banking and IT stocks on higher capital inflows..The nifty started at 7914 made a high of 7929 and low of 7900 and closed at 7913. Nifty future started at 7912 made a high of 7939 and low of 7906 and closed at 7935, total 33 points was moved nifty future throughout the day.

The present short term rally started on 8, August, 2014 from 7540 levels. At present it made an all time of 7939. Nifty future is just below a major resistance at 7955. And it has already broken the trend line in the downside. If Nifty couldn't rally above this level, it is likely to see a correction from this level and in the downside it could test 7750 in coming trading sessions. For Monday If Nifty July Future crosses its resistance level of 7955 levels of 7965 & 8000 can be expected. On short side if It reaches its support level of 7735 corrective move till the levels of 7665 & 7590 can be expected.

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RESISTANCE: 7933, 7966, 7999

SUPPORT:  7900, 7867, 7834