Nifty future ended with gains for second consecutive week and ended with all time closing high after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Nifty future closed at 8,352.70 with a high of 8,358.30 with percentage change of 4.10%. Open interest addition was seen in 8300/8200 calls and 8000/7900 puts. Maximum OI concentration is placed at 8300 call indicating resistance for nifty and maximum OI is placed at 8000 put indicating support for market. For this week Nifty future is having the major resistance of 8480 and above this level having the next resistance of 8600 and in down side first support of 8220 and below this level next support of 8080.
BULLISH TREND BUY on dips till market closes below the level of 7750.
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Indian markets are in positive domain and are expected to continue their for the day. Realty, FMCG and Finance sectors are going good as of now while Media sector is trading in red. SAIL went down over news of 5% stake sale by the government to the FPIs and Retail investors thorugh OFS route (offer for sale).
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