AS SAID THAT MARKETS WILL UNDER PERFORM AND SHALL BE WEAK BETWEEN 23RD JUNE TO 27TH JUNE,THE BEARISH STANCE IS STILL MAINTAINED,HOWEVER YESTERDAY MARKET WERE RESILIENT TO THE GLOBAL CUES,POOR INFLATION FIGURES, INCHED UP GRADUALLY WITH INCREASED VOLATILITY AND FRONT LINE STOCKS LIKE RELIANCE,ITC, LEVER ETC GAINED WHICH PUSHED NIFTY TO CLOSE ABOVE 5320.
NOW TILL THE JUNE SERIES MARKETS RANGE SHALL BE 5200 IN THE DOWNSIDE AND 5400 ON THE UPPER SIDE. OPTION DATA SUGGEST THAT THERE IS CALL UNWINDING AT CE5200,CE5300,CE5400 AND PUT WRITING AT PE5200,PE5300,PE5400. WHAT DOES IT INDICATE. IT SHOWS THAT MARKET IS SHOWING A UP MOVE AT LEAST TO 5400 LEVELS TILL EXPIRY.JUNE F&O EXPIRY SHALL TAKE PLACE AT/ABOVE 5400.KEEPING THIS PICTURE IN MIND IT SEEMS THAT MARKETS WILL GRADUALLY INCH UP, EVEN IF THERE IS ANY FALL OR BLIP, WHICH SHOULD BE USED TO GO LONG IN NIFTY AND BUY NIFTY CALL,CE5300 AVAILABLE AT Rs.56, NOW IF MARKET DIPS TO ANY LEVEL AROUND 5200,IT SHOULD BE USED TO BUY CE5200 ALSO.
TO SUMMARIES:
IF MARKET OPENS WEAK, THOSE HOLDING PUTS SHOULD SELL PUTS AND BUY CALLS OF 5300 OR 5200, AS NIFTY SETTLEMENT SHALL TAKE PLACE AT 5400.
IF MARKET OPENS STRONG AND MOVES HIGH AND HIGH,KEEP ON SELLING CE5400,CE5500 AS NIFTY MAY NOT SETTLE ABOVE5400. THOSE WHO HAVE HOLDING CAPACITY SHOULD HOLD THE OPTION WRITING IN THE ABOVE CALLS.
ASTROLOGICALLY: THERE COULD BE LARGE ONE SIDE MOVEMENT IN NIFTY( EITHER BREAKOUT OR BREAKDOWN)AFTER 1ST JULY SOLAR ECLIPSE.THERE ARE80% CHANCES OF BREAKDOWN TO 5000 LEVELS SOON. THAT'S WHY WE ARE NOT SUGGESTING SHORT TERM DELIVERY BUYING.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
NOW TILL THE JUNE SERIES MARKETS RANGE SHALL BE 5200 IN THE DOWNSIDE AND 5400 ON THE UPPER SIDE. OPTION DATA SUGGEST THAT THERE IS CALL UNWINDING AT CE5200,CE5300,CE5400 AND PUT WRITING AT PE5200,PE5300,PE5400. WHAT DOES IT INDICATE. IT SHOWS THAT MARKET IS SHOWING A UP MOVE AT LEAST TO 5400 LEVELS TILL EXPIRY.JUNE F&O EXPIRY SHALL TAKE PLACE AT/ABOVE 5400.KEEPING THIS PICTURE IN MIND IT SEEMS THAT MARKETS WILL GRADUALLY INCH UP, EVEN IF THERE IS ANY FALL OR BLIP, WHICH SHOULD BE USED TO GO LONG IN NIFTY AND BUY NIFTY CALL,CE5300 AVAILABLE AT Rs.56, NOW IF MARKET DIPS TO ANY LEVEL AROUND 5200,IT SHOULD BE USED TO BUY CE5200 ALSO.
TO SUMMARIES:
IF MARKET OPENS WEAK, THOSE HOLDING PUTS SHOULD SELL PUTS AND BUY CALLS OF 5300 OR 5200, AS NIFTY SETTLEMENT SHALL TAKE PLACE AT 5400.
IF MARKET OPENS STRONG AND MOVES HIGH AND HIGH,KEEP ON SELLING CE5400,CE5500 AS NIFTY MAY NOT SETTLE ABOVE5400. THOSE WHO HAVE HOLDING CAPACITY SHOULD HOLD THE OPTION WRITING IN THE ABOVE CALLS.
ASTROLOGICALLY: THERE COULD BE LARGE ONE SIDE MOVEMENT IN NIFTY( EITHER BREAKOUT OR BREAKDOWN)AFTER 1ST JULY SOLAR ECLIPSE.THERE ARE80% CHANCES OF BREAKDOWN TO 5000 LEVELS SOON. THAT'S WHY WE ARE NOT SUGGESTING SHORT TERM DELIVERY BUYING.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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