Last three days of markets would have drained the productivity of any positional trader in Nifty Futures as the markets rolls in a tight compressed fashion in a narrow 80 point range. Price finds resistance around 10390-10400 levels where most of the short term players are prone to keep their stop levels. Thursdays trading session shows a mid-day emotional sell-off followed by sharp recovery and closed flat for the trading session.
The Nifty Futures and Bank Nifty Futures continued to move up last week, gaining 2.2% and 1.0% respectively on close. And Bank Nifty is relatively under-performing in the recent uptrend. However this may so far foreign investors are relentlessly selling in equity market and Debt Market and had pulled out more than Rs 14,000 crore. The Outflow of Debt Market is far steeper than Equity Market.