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TRADE SETUP Nifty sees profit taking after being 1 point away | Anuj Singhal CNBC Awaaz Managing Editor

TRADE SETUP

Nifty sees profit taking after being 1 point away from peak

Global cues challenging, SGX Nifty indicates weak opening

Nifty might see some buying if 15,750 is respected

Bank Nifty up 2.2% this week, has some momentum

FII selling continues but ferocity of selling is down

Today’s trade would be about respecting first hour low

If first hour low is respected, market can stage another rally

All eyes will be on cabinet reshuffle later in the evening