Nifty futures levels for 25 Oct 11
Nifty is consolidating above 5000 level since 9 Sessions ...and last candle stick is indicating that traders are confused ..clear indecision... higher close compare to previous day but red close yesterday ...upper wick is long indicating that bears are in power ...so wait and watch...
<4970><5010><5049><5102><5144<5184><5211>
Flat to positive opening is expected with extremely volatile session . Nifty is consolidating above5k level since 8 sessions so expecting for a break out/down and this is expected at 11 AM on announcement of RBI policy ..Nifty is strong technically FIIs added index futures for Rs 1000 Crore yesterday ...so be cautious before initiating your position...long or short ??
that's why we have advised to trade according to trend and not on emotions . October contracts are expiring today so either close or roll over your Oct contracts today before closing of market ..book profit in all in the money options before 3.30 to save STT .If you are holding out of money options then let them expire as it is no need to trade them and save ur brokerage .
Possible Nifty spot range for week ending 28 Oct 11 may be ...
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