Sensex has given short term bullish reversal signal on friday, under Japanese Candle Sticks charts, from the bearishness being experienced for the past four weeks. Singapore Nifty futures are currently quoting at 87 points premium and Asian markets are trading in positive territory, as US markets recovered on friday night. Today the following strategy may be adopted:
Strategy for the Day: Buy June futures Nifty above 4520 with a stop loss at 4455 and move the stoploss as the position moves into profit, intraday to maximise gains. The margin required shall be Rs.25,000/-. Watch for resistance at 4620-4650 levels where one can book profit.
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