Gap down opening can not be ruled out as eod data is showing that FIIs turned bearish yesterday .
and European crisis too affecting global sentiments
http://www.dhanvarsha.in/2012/07/fiis-turned-negative-on-24-th-july-12.html
U.S. stocks sank Tuesday, resulting in the third straight session of triple-digit losses for the Dow average, following a report that Greece is still unable to pay off what it owes and will need to go through further debt restructuring.
http://www.marketwatch.com/story/us-stocks-drop-on-global-economy-worries-2012-07-24?siteid=yhoof2
Only 2 sessions left for expiry of July series so moves will be governed by traders rolling overs / closing of positions ...
volatility will be at peak ..if u are fast in order placing and exiting from trades then these 2 sessions will give u big returns...if u are not so confident please sit at shore and enjoy the waves...
Trade in Nifty futures according to these levels ...
Buy at / above: 5120 Targets: 5135 - 5153 - 5171- 5189
Stoploss : 5098
Sell at / below: 5098 Targets: 5083 - 5069 - 5051 - 5033
Stoploss : 5120
Market may settle at or above 5100 today as per option data ..there was no major change in nifty futures oi on 24 th .
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