Nifty Futures -August tgt 4700>>4900

Nifty future is looking good on the charts. If it manages to trade above 4535 for a day or two, we could safely say we can see 4900 in August.

With Crude cooling down and World markets stabilizing, there is a high probability of Nifty future moving up and going toward 4900. There is a rest at 4700, if NF is able to cross this rest it can show next targets of 4880-4920.

On the down side there is a good support at 4110 to 4070.One can buy at dips with suitable stoploss.

I will try to post some Options Strategy at dips, so that the risk is reduced much and one can gain for bigger targets.