Today NSE Nifty cracked below the all-important 5,000 mark as the dreadful opening in the European markets had investors running for cover. The 50-share NSE Nifty fell 209.60 points, to close at 4,923.65.
Nifty Futures Trend-
Nifty September 2011 futures closed at 4908.35, at a huge decrease of 232.95 points over spot closing of 5150. Nifty Futures October series also closed with huge fall of 231.4 points and sattel down at 4925.05. Where the Nifty Futures November Series Closed at 4941.00 with 228.55 down points.
Technically it is looking more bearish if it cross the level of 4860.
Here are technical Levels for Nifty Futures for September-