The nifty is expected to remain weak in the session, even if there is a gap up opening unless of course Nifty manages to hold it's neck above 8371. If the spot Nifty holds above 8371 then the day traders may go long in Nifty futures to unwind when the spot nifty trades at 8415. On the other hand they may short the Nifty futures if the spot Nifty trades below 8316 to cover their positions when the spot Nifty trades at 8295.
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Nifty50 index managed to close above 9,900 mark, now going forward, Nifty needs to cross hurdle of 9,930-9,945 to witness a fresh up-move towards 10,000 and 10,040 mark. Whereas, on the downside supports are seen at levels of 9,860 and 9,800. capitalstars
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