Stop Loss Triggered in NIFTY Nov Fut Buy Call @ 6120 - 6170 on 21 Oct 2010

NIFTY Spot From 25 Oct 2010 to 29 Oct 2010 

From 25 Oct 2010 to 29 Oct 2010 NIFTY Spot corrected by (6150.30 - 5943.30) more than -200. and NIFTY Nov Fut corrected by (6206 - 5966.25) more than -230 points. Stop Loss Triggered in NIFTY Nov Buy Call @ 6120 - 6170 on 21 Oct 2010. NIFTY support was 5946 from expiry point of view and 5963 from trading point of view suggested on 18 Oct 2010. Both the support has broken by NIFTY Spot and today low was 5937.10.


All the indication indicates that market is going into moderately bearish term and NIFTY spot will be in the trading range from 5930 to 6150. So be cautious in NIFTY while taking any position. Further RBI is thinking on huge inflow of dollars by FII which will impact on inflation and interest rate in the economy so in its Credit Policy RBI can take any major decision regarding this.