DUE TO HEALTH PROBLEM, I AM NOT IN A POSITION TO UPDATE ON DAILY BASIS. HOWEVER, WILL TRY TO UPDATE ON WEEKLY BASIS. ONE MAY WATCH THE DATA AS WELL AS MARKET OUTLOOKS, AUTOMATED DAILY CALLS WITH SUPPORT AND RESISTANCE ETC. THAT ARE BEING UPDATED AUTOMATICALLY ON REAL TIME/DAILY BASIS.
Nifty closed on Friday at 5577.65 with a huge gain of 142.30 points on intraday basis.
Nifty closed on Friday at 5577.65 with a huge gain of 142.30 points on intraday basis.
NOW WILL IT BE HIT THE RECENT SWING HIGH OF 5630 ?????? THOUGH THE ANSWER IS YES AND MOSTLY THE EXPERTS ARE ALSO EXPECTING THE SAME, BUT ON MONDAY, RBI MONETARY POLICY MAY BRING THE VOLATILITY. SGX NIFTY IS 5650 MEANS THERE IS EVERY POSSIBILITY OF TOUCHING 5630 AND 5650 ON MONDAY ITSELF.
For today, WATCH 5548/5550 LEVEL AS SUPPORT. BELOW 5545 LEVEL, BOOK YOUR PROFIT AND EXIT FROM LONG. THE BEST TRADING IDEA FOR NIFTY IS NOW AS AND WHEN NIFTY HITS 5650 AND 5670, BUY 5500 PUT FOR THIS SERIES..................
From options data (Read OI analysis page), OI activity turned bullish wherein near the money Put strikes of 5300 and 5400 saw aggressive additions. On the Call side, closure was visible in 5400 and 5500 strikes while addition was seen in the 5700 Call strike. Thus, the options build-up is suggesting 5400 will act as a strong support.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
