Due to weak global markets, Nifty closed at 4950.75 with a loss of 39.35 point. Due to expiry of May series and roll-over for June series, volatility may be seen. India's GDP numbers will be announced tomorrow that may affect our Market.
For today, WATCH 4950-4956 AND 4970 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 5000 FOR THIS EXPIRY WHEREAS BREAKING 4930, NIFTY MAY HIT 4900 ON THE DOWNSIDE.
For today, WATCH 4950-4956 AND 4970 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 5000 FOR THIS EXPIRY WHEREAS BREAKING 4930, NIFTY MAY HIT 4900 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4700 put and 5100 calls. However, as of now 4900 may act as support and 5000 may act as resistance.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
