Yesterday Nifty spot closed making Red doji/spindle top near recent high ...volume was comparatively low and today at 11 AM RBI policy announcement will be there ..so expect some fast moves at that time..
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VIX is bullish which is indicating that fear is increased and no doubt if we will see red closing today after policy announcement, so be cautious ..
Extremly volatile market will be there expect some profit booking in reality auto and banking shares at higher levels ...
Trade in Nifty futures as per these levels ..
Buy at / above: 6084 Targets: 6100 - 6120 - 6139 - 6159
Stoploss : 6064
Sell at / below: 6064 Targets: 6048 - 6028 - 6009 - 5989
Stoploss : 6084
Stoploss : 6064
Sell at / below: 6064 Targets: 6048 - 6028 - 6009 - 5989
Stoploss : 6084
do not stay in trade without stop loss order
We may see at lazy market for initial 1 and half hour then bhadaka ....
Nifty spot 6137 or 5970 ?????
