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Nifty50 Expectation This Week

Nifty 50 Index (NSE:NIFTY)  
jellygill  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators Contains IO script
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What happened in Last 24 hours:


US market ended on muted note ahead of interest rate decision.

Heavy selling was seen in across all the sectors in Indian market.

FIIs+DIIs have taken huge short positions in index futures. They hold only 21% long positions and nearly 50% short positions in all.

It is expected to be a muted day as of now, however, if Nifty remains in the Selling Zone, you can hold your short positions in line with FIIs+DIIs. If there is any break above the consolidation zone (which seems unlikely now), then you can go long.
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