Nifty looks sideways.
A comfortable closing Above 15960 or Below 15450 will give atleast 500 points move either side
Presently FIIs are net sellers, unless they turn net buyers Nifty will struggle at resistance of 15960.
Welcorp has seen a major rise in volume and witnessed highest volumne in the last 1.5 years, along with the rise in volume, the price is rising significantly, and that is what indicates involvement of smart money, entering the trend chhannel it is supposed to give stunning returns.
NIFTY is knocking on 16000 for quite a few days now. As according to Friday's Stats FII's have covered 5996 contracts of Future Index long and added 6897 shorts.This might be the case coming week. besides,
Option Index Call long 54923
Call Short 70176
Put long 62139
Put Short 40611
From this data I will say market will correct again from this level, so I will Sell...