It is not going to be an easy day either for the bulls or for the bears. The interesting first half awaits for everyone. Bulls have the task of crossing the 13400 in BSE sensex and beyond that they can take this up to 13554. Bears might be trying to force the things other way if they can break the Friday's low of 13196. But I feel, it is the bulls who is going to win the show today.
FIIs have bought in cash market and sold stock futures. Looks like they have gone for the reverse arbitrage game. There are no news from Global front and that might help us to go little higher.
Nifty futures have turned into premium. The important level to watch out for is 3849 on the lower side. This week is the expiry week and tomorrow being a trading holiday, we better be watchful.
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