By earn FIIs net longs now at 41%, which is witnessing steady improvement on daily basis, but now again a zones for them where we need to stay alert… a move above 45% net longs might act as a resistance and if we sustain that then 65% longs window opens up. Outlook for the session again positive for INDICES.
NIFTY option chain reflects on a resistance at 23450 zones, so a little cautious behaviour would be wise. If sustains this then short covering rally will resume for TGTs of 23600.
Buying again in declines till 23300 zones advisable, for TGTs till 23450/23600, SL 23250 then FIIs net longs now at 41%, which is witnessing steady improvement on daily basis, but now again a zones for them where we need to stay alert… a move above 45% net longs might act as a resistance and if we sustain that then 65% longs window opens up. Outlook for the session again positive for INDICES.
NIFTY option chain reflects on a resistance at 23450 zones, so a little cautious behaviour would be wise. If sustains this then short covering rally will resume for TGTs of 23600.
Buying again in declines till 23300 zones advisable, for TGTs till 23450/23600, SL 23250 then
