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Nifty March Futures (8,720)
The Nifty futures contract is trading on a weak note today. The huge gap-up opening at 8,873.90 failed to give any further push. The contract tanked from there to record a low of 8,696.25.
A slight bounce is being seen from this low. The contract is expected to remain under pressure.
Resistance is at 8,740 and key intra-day resistance is at 8,770. Though the psychological support at 8,700 is holding as of now, the Nifty futures contract looks vulnerable to break and fall below this support to 8,670 during the day.
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