As the whole market was up today same think happened with Nifty Futures, Today it opened with a low point but closed at 4,914.00 with +63.15 bullish points or up by 1.30 %. Nifty Futures has some support in 4840-4900 zone and resistance in 4980-5040 zone. Nifty Futures may trade in this range for some days. For daily purpose, trend deciding level is at 4950. If Nifty futures shows strength above 4950 levels, then rally to 4980-5040 levels may be seen. If Nifty does not show strength above 4950 levels then selling pressure till 4840-4900 may also be seen.
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