25th AUGUST NIFTY VIEW

In today’s trading Nifty Future opened at previous day’s level, but could not sustain at the day’s high of 5540. From the start of the day, it continued to trade lower and made intra day bottom of 5480 and then bounced back to close at 5510. While making today’s low, I continue to advise caution on the long positions

For tomorrow, short position may be taken with stop loss of 5555. However, above 5530 Nifty Future may show renewed strength to make a new high. If helped by Reliance i.e if it trades above 1000, the task will become that much easier. One can take the Nifty Future trades with this perspective, as the volatility may be higher in view of the FNO settlement this Thursday.

All the best