Yesterday, Nifty Future became quite weak once it started trading below 4160. It made a low of 4090 and closed at 4114.
Todays trading can be expected to start on a good note in light of positive closing in US markets. Trend Line at 4221 will act as a hurdle on the up side. There after 4255, 4280 and 4330 will as as resistances.
On the down side market will get weak below 4050 and will find support @ 3950.
Reliance will get weak only below 2100 and will find support @2040. Above 2190 it will get strong and go up tp 2250.
In view of F & O Settlement tomorrow, high level of volatility can be expected for the next 2 sessions.
Happy Trading,
Ketan Asher.
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