Nifty Futures : June-quarter GDP data to be announced today so fast swing on either side not ruled out. Expect strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening would be the cause of concern.

NIFTY FUTURES

Last close 11733.15

F&O rollovers shows that rally could extend into September series. Markets will also look for cues from its global counterparts. Sector-wise, better rollover was seen in media, fertilisers, textile, power and realty while comparatively lower rolls were seen in IT, Refinery, capital goods, cement and FMCG sectors. For today trading one can buy on decline keeping strict stop loss of 11688.If breaks 1168 during intraday then expect sharp slide to 11652 or even 11618 is very much possible!!!! While on the upper side have a close eye on 11758….Cross over will take this non-stop to 11803 mark..!!! June-quarter GDP data to be announced today so trade fast swing on either side not ruled out. Expect strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening would be the cause of concern.