On the BSE if the market falls below 15,150 level the markets will be weak upto the level of 14,888 and 14,786. Today evening inflation figures are expected which are expected to be lower than that of previous week so I expect some buying will be seen after the mid-session. Till the mid-session market looks weak upto above given levels.Overall markets are in the safezone until they are above 14,786 level

The Nifty Put-Call ratio of open interest remains comfortable around 1.25 while the volatility is still high at about 55%. Going forward, volatility is expected to subside in the absence of any major political or economic triggers. We expect Nifty to trade in the range of 4365-4650 this week. The possible levels for Nifty on the upside beyond 4630are 4770 and 5075; however, the Bull Run will not be reinstated until Nifty closes above the 5100 mark.

Buy Nifty Fut Around 4460-4485 S.L 4380 For a TGT 4630-4680

Buy Reliance FUT Around 2265-2278 S.L 2240 TGT 2360-2430

BUY Nifty 4600 CE Around 80-90 S.L 55 TGT 140-165