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SGX Nifty is trading lower; Expect dead cat bounce from lower levels


Nifty

Nifty futures: Last close 15730


Nifty futures looks weak below 15691 and could test 15655—15621 and then to 15540 levels.

Above 15761… Target looks 15794—15826—15877 levels.

Trade safely and wait for weekly settlement.

Bank Nifty Futures: Last close 35411

Bank Nifty futures has support at 35200—35050—34900 and resistance at 35700—36100.

Today we expect range-bound trading in the market. Therefore, traders should remain cautious for the day.

More we will update during market hours.

Options

Buy Bank Nifty 15 July 35400 CE around 220—200. Stop loss below 90.00

Don’t miss to read our weekly update on Nifty, Bank Nifty and weekly top pick.