NIFTY seems to be weak at this stage. Short positions can be assumed by aggressive traders if Nifty hits 5030 although 5100-5150 is also very much in the cards. The overall trend today should be weak and in a downward movement. Work with tight stop loss as the markets are still very fragile and volatile.
Buy Nifty Futures above 5006 for targets of 5020 , 5038, 5056, 5074 SL - 4987
Sell Nifty Futures below 4987 for targets of 4972, 4955, 4937, 4919 SL 5006 SBIN closed at 1973 forming a doji pattern in the last trading session. The stock could hit an intraday high of 2002. If it is unable to sustain this level and market looks weak short positions could be taken intra-day for targets of 1960-46.
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Sir, your recommendations are really good.
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