Good Morning.....!!
Nifty traded in a strict range for the entire day and experienceda selloff in the last hour of trade and managed to close well above the day's low on backing positive European cues in the laterhalf of the day.
Today we expect the nifty to open flat with a +ve bias and thereby staying range bound like yeserday, 2648 and 2682 levels on nifty (spot)seems to form a good Resistance. Nifty can find support around 2599 and 2565 levels , if Nifty spot breaks both the levels- we may see further downside till 2400 levels in the near future....
Stay cautious and trade with stoploss. we advice to book profit in the BTST positions today or trail with stroct stoploss.
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