NIFTY FUTURE AND OPTION TIPS-1 FEBRUARY SERIES

                  The February series of nifty futures starts with a bearish note. This series starts with huge shorts in Information Sector And Banking stocks Which has the highest weight age in nifty .So it is difficult for Nifty Futures To trade on the higher side.But at the same time after the four days gone from the start of February series BIG HANDS ARE STAYING SIDELINES.

                 When nifty futures starts to trade above the break down level of 6120 then the trend for nifty futures will be changed to positive otherwise the trend is negative only.the downside target for nifty futures would be 5750.

                INDIA VIX is trading near its breakout level of 20 which is alarming in nature for bulls.When India VIX breaks above 20 decisively then the trend would be more panic.And the downside target for Nifty Futures Would be revised to 5500.

               6300 Nifty Call Has the highest open interest wich is the resistance for Nifty Futures And 6000 Put has the Highest open interest which is the solid support for time being.