NIFTY FUTURES : SGX down to 11550 at this point of time, Our view : Buy on decline and stay invested keeping stop loss of 11510 which we feel to be the rock solid support.

NIFTY FUTURE

Last close 11595.40

SGX at this point of time down to 11550……Our view for tomorrow……While looking at weekly charts, We do not see the market cooling down until the Nifty touches 11663, 11711 levels. It can be seen as the next resistance level. The F&O segment, too, indicates a further positive run for the market. So We do not see any selling concerns in the derivatives segment. Buy on decline and stay invested keeping stop loss of 11510 which we feel to be the rock solid support.