Nifty futures made a Hammer on January 01, 2016 and 02 January 2016 gave a confirmation that the market Is going to go bear. As Nifty futures came bellow our Buy level of 7905 and candle confirming a bear rally. On End of contract basis a call for short was initiated. The market came lower than target 03 of 7331. The chances are bright that Nifty futures may bounce back soon if market closes above 7331 on end of day basis.
