Nifty Futures managed to break its losing streak for past seven trading session which saw a drop in volatility index from 13.88 to 13.17 in a day indicating the investor’s confidence and optimism in the strength of the market.
As stated yesterday, Nifty Futures should now give a corrective bounce up to 9950-10000 levels. The details are already there in yesterdays write-up.
The day traders can buy it above 9813 with a protective stop loss of 9769 for a target of 9880. I am not recommending a short side trade since I am looking for a corrective move on up-side.
For further trades or queries,
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