NIFTY,AFTER OPENING ON A POSITIVE NOTE, IT ROSE TO THE INTRA-DAY HIGH 5558.30 AND THEN IT FELL TO MAKE A LOW OF 5496.35 AND CLOSED AT 5545.30 NET UP18.70 POINTS.DAY BEFORE YESTERDAY NIFTY TRADED IN THE BAND OF 5495-5560. THIS SHOW THAT AFTER THE SHARP RISE IN THE NIFTY MARKET IS NOW CONSOLIDATING IN THE RANGE AND THE RANGE NOW SHALL BE 5520-5600.INDIAN STOCK MARKET IS EXPECTED TO TRADE IN THE ABOVE RANGE TILL ANY DEVELOPMENT IN THE GREECE BAILOUT IS EVIDENT. THE GREEK GOVERNMENT IS EXPECTED TO FACE VOTES TODAY,29TH JUNE ON THE AUSTERITY MEASURES.NIFTY MAY FACE STRONG RESISTANCE AT 5576, WHICH IS 200-EMA.IF NIFTY FALLS BELOW 5490 THEN THERE WILL BE BEARISH BREAK-OUT,ELSE MARKET MAY CONTINUE TO MARCH AHEAD TOWARDS 200-EMA.
NIFTY JUNE SERIES SETTLEMENT MIGHT TAKE PLACE AT 5550-5600++. THERE ARE MORE CHANCES THAT IT MAY BE ABOVE 5600.ITS NOT ADVISABLE TO SHORT THE MARKET AT THIS POINT OF TIME.HENCE BUY PUTS(PE) OR ELSE SIT ASIDE FROM THE MARKET.
BUY PEs WHEN NIFTY REACHES 5600++ ZONE,AS ITS VERY HARD RESISTANCE AND NIFTY MAY HOVER AROUND THIS FOR SOME MORE TIME. IF THERE IS IS SHOCKING FROM GREECE, MARKETS WILL DROP HERE.
SO WAIT & WATCH AND LET THE CLSUD BE CLEAR ..........THEN ACT.
Note: If any member wishes to know about the trade, delivery,speculation position should contact on messenger at "vikas198012003@yahoo.co.in".
NIFTY JUNE SERIES SETTLEMENT MIGHT TAKE PLACE AT 5550-5600++. THERE ARE MORE CHANCES THAT IT MAY BE ABOVE 5600.ITS NOT ADVISABLE TO SHORT THE MARKET AT THIS POINT OF TIME.HENCE BUY PUTS(PE) OR ELSE SIT ASIDE FROM THE MARKET.
BUY PEs WHEN NIFTY REACHES 5600++ ZONE,AS ITS VERY HARD RESISTANCE AND NIFTY MAY HOVER AROUND THIS FOR SOME MORE TIME. IF THERE IS IS SHOCKING FROM GREECE, MARKETS WILL DROP HERE.
SO WAIT & WATCH AND LET THE CLSUD BE CLEAR ..........THEN ACT.
Note: If any member wishes to know about the trade, delivery,speculation position should contact on messenger at "vikas198012003@yahoo.co.in".
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.
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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