As expected Nifty future got into correction mode. Reliance that supported the market on friday, led the fall today.Today, opening can be expected to be weak, in view of lower US markets. Below yesterday's low of 4481, nifty furure can find support at 4430 and below that will find support at 4385 and 4350. Nifty Future may be bought at 4350 levels with a stop loss of 4325. Avoid carrying forward long trades overnight till market shows upward bias.
RELIANCE FUTURE: Reliance may test support @ 2100, but looking at yesterday's fall, it is unlikely to hold. Below 2100 it can go upto 1980-2000, where it will find good support. Short position should be squared off at these levels, but fresh buying should be avoided for the time being.
INFOSYS FUTURE: In weak market, below 1700, it can go upto 1660. Infosys can be considered for buying at this levels with stop loss of 1640.
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