Tips for nifty

 

What the Nifty has done today:

 

Yesterday post Market update was about the correction at Thursday.

And market went with the calculation.

There was a gap-down opening of 95 points.

As today was derivative expiry, market was choppy.

 

What We Have Done Today:

 

Today updated our Clients to Short NF @11563, Nifty Future made high 11578 and start to fall.

Book profit at 11496.

                                     11563 – 11496 = +67 points (intraday)

               Positional traders are holding short position at Nifty Future.

                   

 

Nifty Future Tomorrow:

 

Vital support of the day is 11442 or 11418.

If Nifty Future take bounce back from this level, then the index may run to more 400 points at coming days.