Nifty March Futures (8,602)
The Nifty futures contract is trading on a flat note. The contract is hovering around the psychological 8,600 mark since Friday. Support is at 8,585.
As long as the contract trades above this level, a rise to 8,635 looks likely today. A break above 8,635 can take the contract to the next target of 8,650 and 8,670.
Traders can go long at current levels. Stop-loss can be kept at 8,580 for the target of 8,630.
Only a decisive decline below 8,585 will bring in fresh selling pressure in the contract. The ensuing targets on such a break will be 8,560 and 8,535.
Strategy : Go long with a stop-loss at 8,580
Supports: 8,585, 8,560
Resistances : 8,635, 8,650