Today markets recovered well by taking support nifty 2780 at 2.30 pm and closed bullish at nifty 2835, just above one resistance zone 2800-2830. F & O data nifty future -4.9 lac. 2800Call + 1.5 lac 3000 call +2.58 lac 2700put +5.5 lac 2800 put +5.98 lac and no major activity at other options in nifty future. FII data NF short and Stocks futures long for many days. Cash FII + 90 cr. Now market has to target for retracement levels 2883 -2933 - 2983.
But as per the Global cues FTSE & DOW are trading -5% & -3% now. If we see any flat closing in dow tomorrow our markets may not fall immemdiately else if the Global cues are very weak our markets will drift immediately and we may sure of touching new lows in this month itself.
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