Yesterday, markets closed on strong note mainly due to short covering on account of FNO stettlement scheduled today. Today 4340 will be a major hurdle for Nifty Future. All long positions must be protected with stop loss of 4235. The market will continue to show bullish spurts, till it remains above the Trend Line.
As regards Reliance Futures, it will show strength above 2220 and new long postion should be taken only above that level and with a stop loss of 2199.
Infosys will find resistance at 1645 and current long positions should have a stop loss of 1555.
Be ready for Volatile market today,
Ketan Asher.
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