Another aspect we will be closely watching would be how Nifty futures would play in the next week as they had gone into discount, unable to keep up with sustained buying in some Nifty heavyweights. Ideally, this is a sign of large demand on the spot, willing us to consider the possibilities of 26,600 on Nifty. That said, how the discount will play out on Monday will guide us if we need to play upside with urgency or ignore Friday’s turn of events as part of index rebalancing.
| Subscribe To Our Free Newsletter |
