After 6 weeks of up trend, nifty futures has closed negative on Friday closing below previous week low of 10645. Technically nifty futures has to shed another 50-60 points before resuming its uptrend. Ideally 10530 we an expect a pull back.
Bank Nifty futures is able to hold its head above 25780. A daily close below this number will see a sharp correction up to 25525.
Till expiry we cannot expect any major fall as Nifty could manage to move above 10650/700. It is prudent to wait till expiry and then take position for positional trade.
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