Gap down opening of 1 % around 5550-60 is expected with negative bias .Market will be volatile...profit booking will be seen in maximum stocks .
FIIs were net sellers of 630 Cr in stock futures in last session indicating that profit booking was started....
Candles confirmed reversal at Daily Nifty chart
Trade in Nifty futures as per these levels
Buy at / above: 5587 Targets: 5603 - 5622 - 5640 - 5659
Stoploss : 5568
Sell at / below: 5568 Targets: 5553 - 5534- 5515 - 5497
Stoploss : 5587
Trade with stop loss and discipline
Have a nice day
I M hele to chappolt nifty ...