Nifty50 Expectation This Week

What happened in Last 24 hours:

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US market ended on muted note ahead of interest rate decision.

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Heavy selling was seen in across all the sectors in Indian market.

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FIIs+DIIs have taken huge short positions in index futures. They hold only 21% long positions and nearly 50% short positions in all.

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It is expected to be a muted day as of now, however, if Nifty remains in the Selling Zone, you can hold your short positions in line with FIIs+DIIs. If there is any break above the consolidation zone (which seems unlikely now), then you can go long.