By Gaurav Arora
The May series Nifty futures is currently trading with a premium of around 120 points.
For the Index futures, FII Net Index Long exposure is at 35% which is more or less at around the same levels for quite some time now.
The indices managed to find support around lower levels after a decent profit taking from record highs.
Going forward, we believe, 21700-800 might be the major support and only a decisive close below it might bring in some downside.
VIX for…
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