On 05 Feb 13, I tweeted that Nifty futures is having support at 5935- 5925 levels.
As mentioned, Nifty futures made a low of 5940 and closed at 5961.
Tomorrow's trading is crucial. Will it hold 5925 levels or close below it???
Any close below 5925, will create panic in the markets and will take the Nifty futures to 5850 levels where it is having a strong support.......
Meanwhile I advised to buy Bank Nifty 12500 and 12400 puts keeping stop loss of 12700 for bank nifty futures. Bank Nifty 12500 February put zoomed from 173 to 230 in 2 sessions.....
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