SELL NIFTY FUTURE BELOW 5400 TG 5370, 5340 ,5310 SL 5430
For Monday the range between 5410 and 5390 would be quite crucial for the index to maintain—if it fails to stay above this range it would indicate more weakness is likely and the index could well go down below 5390 support area. First downside support is at 5375.
BUY SBIN 1900 PUT @18
TG 32, 45
BUY JINDALSAW FUTURE ABOVE 122 TG 125, 128 SL 119.80
The index could not sustain above 5400, it reversed its
direction and closed below 5400. Today was very tight range bound movement
,index fluctuated between the very narrow range.....
This shows the nature of the weak closing and gives enough indications of selling pressure at levels close to 5400.
This shows the nature of the weak closing and gives enough indications of selling pressure at levels close to 5400.
For Monday the range between 5410 and 5390 would be quite crucial for the index to maintain—if it fails to stay above this range it would indicate more weakness is likely and the index could well go down below 5390 support area. First downside support is at 5375.
RESISTANCE: 5390, 5405, 5450
SUPPORT :5385, 5360, 5330
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