Nifty future for Monday.


Nifty closed down 56.55 points at 5258.50 while Nifty Future closed at 5291.65, premium of 33.15 points.

FII sold yes sold in Cash (Net sell 211.08 Crore)

DII sold in Cash (Net sell 56.55 Crore)

FII sold in index future, stock future but bought in index option (Net sell 151.98 Crore)

Nifty Futures may go down further from current levels…!!! On the lower side expect it to slide to 5258 which has to watch out, If breaks and trade below will take this to 5241. Again buying from lower levels not ruled out, in any circumstances breaks 5241 then we can see sharp slide upto 5175. Now to come out from this on going panic scenario Nifty futures has to cross and stay above it strong hurdle which exist at 5373.

For intraday
Ril cap.332   sell with sl.335 target 315,305,300
Jsw steel.695 sell with sl.711 target 675,665,650
Axis bank.1000 sell with sl 1015 target 985,975,970
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