Market Bytes 25-Feb-2016
Nifty Futures: Yesterday's session was quite interesting, if you go by the book it was near perfect, but only if things are always perfect. Markets opened weak, fell to test 7065 and then the supply zones of 7030, pulled back nearly exactly to previous sessions lows and again fell from there to close below the crucial 7030 range. Now whats up for the next session. Given that this is expiry day if we go by proabilities; will be surprised if markets manage to close below 7000. Best bet in the coming session is to trade pretty much within yesterday's zone; that is not cross way above 7100 or 7130 or neither close below 7000. if either of that happens I would be tempted trade for some volatile action on either side.
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