Good amount of shorting in Nifty and Bank Nifty has been witnessed.
The levels of 10800-10780 has acted as a good support zone for the Nifty and from there we are witnessing some recovery happening in benchmark index.
We have seen good amount of shorting in Nifty and Bank Nifty. There are chances of pullback move and going ahead we expect some upmove.One can trade with a positive bias keeping a stop loss of 10,800, said Sneha Seth, Derivatives Analyst at Angel Broking.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.