Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8560-8650. Sell Nifty in the range of 8620-8630 for targets of 8590-8570 and stop loss at 8645.
Bank Nifty Future: Weakness continued in the Bank Nifty and the price ratio (Nifty/Bank Nifty) came down to 2.14. In the last session, the 18500 Call continued to see aggressive writing. It is likely find resistance in the ongoing March expiry. Sell Bank Nifty in the range of 18500-18540 for targets at 18400-18250 and stop loss at 18640.
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