NIFTY FUTURES

NIFTY FUTURE

Last close 11374.30

The Nifty has jumped into a higher orbit with Call writers of 11000 strike moving higher to 11500 strike. All indicators suggesting more upside………….but for today trading…..My view is slightly different……yes slightly negative…!!! I think now its worth taking this calculative risk..!!! For day trading……Futures signal negativity, but bulls will continue to have a grip on market in coming days…!!!

For today trading our call is to sell just for trading purpose keeping stop loss of 11422. We see stock slide to 11337 intraday which would serve as strong support, If breaks during intraday then expect it to slide to 11289 mark…!!!