NIFTY FUTURES (F & O):
Below 5069 level, selling may continue up to 5060-5062 zone and thereafter slide may continue up to 5045-5047 zone by non-stop.
Hurdles at 5097 & 5104 levels. Above these levels, expect short covering up to 5126-5128 zone and thereafter expect a jump up to 5141-5143 zone by non-stop.
Sell if touches 5148-5150 zone. Stop Loss at 5163-5165 zone.
On Negative Side, break below 5038-5040 zone can create panic up to 5023-5025 zone by non-stop. If breaks & sustains this zone then downtrend may continue and have caution.
Below 5069 level, selling may continue up to 5060-5062 zone and thereafter slide may continue up to 5045-5047 zone by non-stop.
Hurdles at 5097 & 5104 levels. Above these levels, expect short covering up to 5126-5128 zone and thereafter expect a jump up to 5141-5143 zone by non-stop.
Sell if touches 5148-5150 zone. Stop Loss at 5163-5165 zone.
On Negative Side, break below 5038-5040 zone can create panic up to 5023-5025 zone by non-stop. If breaks & sustains this zone then downtrend may continue and have caution.