Market fell in three out of five sessions in the week ended Friday, 5 February 2016. The Reserve Bank of India kept its benchmark interest rate viz. The Repo rate unchanged at 6.75% after a scheduled monetary policy review on 2 February 2016.
Weekly data shows in the past trading sessions, we have seen strong Call writing at 7600/ 7500/7400 strikes & major Put writing at 7200/7300/7400 strike indicating a range bound session for market, in the near term.
Experts View for Nifty : Buy Nifty Future above 7550, Target-7600, 7650, Stop Loss-7450.
Nifty Future Tips For Monday :
Buy Lupin Future Above 1830 Targets 1850 , 1870 , 1890 Stop loss 1790
Buy Nmdc Future Above 83.5 Targets 84.5 , 85.5 , 86.5 Stop Loss 81.5