Friday, July 23, 2010

NIFTY LEVELS FOR NEXT WEEK



LAST WEEK GIVEN STOP LOSS OF 5450 HAS BEEN TRIGERRED BUT CLOSED BELOW STOP LOSS AND COMING WEEK IT IS EXPIRY OF JULY....

JULY 1 ST WEEK:(JUNE 25 TO JULY 2ND)
NIFTY STARTED @ 5321 DIPPED & CLOSED BELOW 5225 LEVEL

JULY 2 ND WEEK: (JULY 5 TH TO 9TH)
NIFTY STARTED @ 5237 REVERSED LAST WEEK LOSS CLOSED 5352

JULY 3RD WEEK: (JULY 12TH TO 16TH)
NIFTY STARTED @ 5352 AND CLOSED BULLISH STRONG AROUND 5394

JULY 4TH WEEK : (JULY 19TH TO 23RD)
NIFTY STARTED @ 5393 AND CLOSED 30 MONTH HIGH OF 5449

THIS LONG EXPIRY MONTH COMES TO AN END IN NEXT WEEK .BEARS REALLY ADD 0% CHANCE TO SPOIL THE PARTY APART FROM THE FIRST WEEK. BEAR HAVE BEEN KILLED AND BURIED IN NO TIME....
OUR MARKET JUST IGNORING BAD NEWS AND FIRING HIGH EVEN FOR SIMPLE NEWS IS NOT GOOD SIGN.
NOW THE LATEST DATA ABOUT EUROPE BANK STRESS TEST ALSO SUPPORTIVE FOR BULLS (7/99 BANK ONLY IN PROBLEM I THINK IT IS FAKE REPORT TO FOOL PEOPLE ONE DAY FAKE WILL BE REVEALED)
ACCORDING TO FII DATA:
THEY HAVE MINIMUM EXPOSURE IN INDEX FUTURE .
OPTION DATA SHOWING SOME HUGE OPEN POSITIONS IN INDEX OPTION.
****VOLUME& OPEN INTEREST OF "put" IS 1.5 TIMES MORE THAN CALL***

I BELIEVE THAT MORE PUTS HAVE BEEN WRITTEN FOR BULLISH TREND FOR GODS SAKE .
IF ANY CASE NIFTY FELL BELOW 5400 LEVEL AND TRADED WITH HIGH VOLUMES EXPECT BLOOD BATH

RBI ANNOUNCEMENT WILL ALSO BE KEY TRIGGER ANYTHING ABOVE .25 POINTS IS DANGEROUS.
WAIT FOR CLEAR SIGNAL FROM RBI AND THEN ENTER WHETHER SHORT OR LONG

NEXT WEEK 63% BEARISH VS 37 % BULLISH OUTLOOK

OVER ALL: NIFTY HAS NOTHING ON THE UPSIDE ONLY TRAP. SO RISK REWARD RATIO IS FAVOUR FOR BEARS NEXT WEEK . GLOBAL & DOMESTIC DATAS MIGHT HELP or DISTURB BEAR ATTACK

ONE CAN BUY NIFTY 5500 PUT AUGUST ON ANY RISE FROM HERE

1 comment:

  1. Dear
    What a refreshing Blog
    original views on Nifty
    and you are able to see through Stress Test Reports

    one more thing i agree with you that upside is limited till expiry.After that Still unclear

    Catch me on www.nse2rich.com
    Again thanks for differing from crowd

    ReplyDelete