Last close 10947.85
Nifty Futures rose for a third day in a row with the closing near record highs as investors expect earnings growth to continue in June quarter.
We are expecting double-digit earnings growth, and this will take Nifty to new high in coming days.
Now Technically above 10960 we see Nifty Futures zooming to 11002 during intraday. Now around this levels chances are we will face profit booking. If manages to trade above 11002 for few minutes…..then expect further rally upto 11041 mark.
As SGX down 65 point at the time of updating……We recommend to buy in panic in range of 10885-10860 ……keeping stop loss of 10801.
Shall update more during trading hours.