BEING END OF THE WEEK, END OF THE MONTH, GENERALLY PANIC WILL BE GENERATED TO WEED OUT WEAKER HANDS. SO, ONE SHOULD LOOK FOR INTRADAY DECLINES TO ENTER LONG AS THE EXPIRY DAY CLOSURE OF NIFTY SPOT AT 5682 ABOVE THE 25TH JUNE PERFECT DOJI HIGH OF 5666 IS TECHNICALLY A HIGHLY BULLISH SIGNAL. A CLOSURE OF SPOT NIFTY ABOVE 5700 WHICH IS ABOVE THE RESISTANCE LINE COMING FROM 30 MAY HIGH OF 6133 & JOINING 18TH JUNE HIGH OF 5863 SPOT, SHOULD SEE NIFTY EYEING FOR THE 20 JUNE OPENING GAP HIGH OF 5755 FOLLOWED BY THE 200 DAY SMA AROUND 5825 SPOT IN NEXT FEW DAYS. ALTHOUGH, CORRECTIONS WILL BE THERE AFTER EVERY RISE, BUT THESE CORRECTIONS MUST BE USED TO BUY ONLY FOR GOOD GAINS DURING THE MONTH OF JULY.
FOR INTRADAY TRADING ON FRIDAY, SPOT NIFTY BREACHING & MORE IMPORTANTLY SUSTAINING ABOVE 5710 CAN PROPEL IT TOWARDS 20 JUNE GAP HIGH OF 5755. INABILITY OF SPOT NIFTY TO BREACH THIS GAP HIGH CAN BE USED TO TRADE SHORT BY HAVING STOP LOSS ABOVE IT. SIMILARLY ON THE LOWER SIDE SPOT NIFTY SLIDING BELOW THE CRITICAL ZONE OF 5672 TO 5668 CAN ALSO SEE A STONE LIKE FALL TOWARDS MUCH LOWER LEVELS WHICH ALSO CAN BE USED TO TRADE SHORT. IN CASE OF A BIG GAP UP, THE HIGHER ZONE OF 5747 TO 5755 IS CRITICAL FOR THE BULLS TO SUCCESSFULLY NEGOTIATE THE ZONE IN ORDER TO MOVE UP DURING EARLY DAYS OF JULY.
FOR INTRADAY TRADING ON FRIDAY, SPOT NIFTY BREACHING & MORE IMPORTANTLY SUSTAINING ABOVE 5710 CAN PROPEL IT TOWARDS 20 JUNE GAP HIGH OF 5755. INABILITY OF SPOT NIFTY TO BREACH THIS GAP HIGH CAN BE USED TO TRADE SHORT BY HAVING STOP LOSS ABOVE IT. SIMILARLY ON THE LOWER SIDE SPOT NIFTY SLIDING BELOW THE CRITICAL ZONE OF 5672 TO 5668 CAN ALSO SEE A STONE LIKE FALL TOWARDS MUCH LOWER LEVELS WHICH ALSO CAN BE USED TO TRADE SHORT. IN CASE OF A BIG GAP UP, THE HIGHER ZONE OF 5747 TO 5755 IS CRITICAL FOR THE BULLS TO SUCCESSFULLY NEGOTIATE THE ZONE IN ORDER TO MOVE UP DURING EARLY DAYS OF JULY.
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