Nifty Futures,Nifty Future Update 00.45AM
Nifty Futures is at a very critical juncture the next few trading days will give us confirmation of 7961 or 9450. On either side 650 Points move is available so the is no need to jump and trade daily. Its important to wait and watch for confirmation and listen as to what Nifty Futures is telling us.
From CMP/8850 Nifty spot levels we will see a decline towards Minimum 8650 Nifty spot level (so we will Buy April Future puts if we get confirmation signals) if this decline is with speed then it would become very clear that Nifty Futures is headed down and that too in fast manner. If decline is slow and grinding then we will Buy near 8600 for Target of 9450 either way we expect Nifty Futures to fall in this week or from Wednesday onwards.
In our Portfolio Advisory Service we have advised to Buy Renuka Sugar,Bajaj Hind, EID Parry on dips and to move out from Bank stocks slowly on rise.
SGX Nifty Futures Live Chart Is Enclosed Below.
Good Trading To You!