NIFTY SPOT IS SLOWLY INCHING TOWARDS THE GIVEN LEVEL OF 5477 TO BREACH THAT LEVEL TO TRIGGER STOP LOSSES AND GENERATE SOME PANIC & AFTER THE WEAKER HANDS ARE FORCED TO EXIT NIFTY WILL BE TAKEN UP. SO IT IS WISER TO USE INTRADAY RISE TO BOLDLY TRADE SHORT. SO, AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN BELOW MONDAY 24TH JUNE OPENING GAP HIGH OF 5638 & DOES NOT CLOSE A 30 MINUTE CANDLE ABOVE IT, THEN EVERY INTRADAY RISE TOWARDS 5638 CAN BE SHORTED FOR GOOD INTRADAY GAINS BY HAVING A STOP LOSS ABOVE IT.
FOR TRADING OF NIFTY FUTURES ON TUESDAY 25TH JUNE, EXPECT ANOTHER GAP DOWN OPENING INDUCED BY OVERNIGHT WEAK MARKETS & SHIVERING ASIAN MARKETS IN THE MORNING. NIFTY FUTURE FINDS INITIAL SUPPORT AROUND 5575, BELOW WHICH MONDAY’S LOW OF 5556 IS A CERTAINTY. EVEN A GAP DOWN OPEN MAY SMASH BOTH THESE SUPPORTS. BELOW MONDAY’S LOWS OF 5556 FUTURE LEVELS, ONE MAY EXPECT 5530 FOLLOWED BY 5515 & EVEN 5490 FUTURE LEVELS TO HAVE A CLOSER PEEP AT THE 10 APRIL LOWS OF 5477 SPOT NIFTY LEVELS. HOWEVER, EXPECT A GOOD BOUNCE IN CASE 5500 LEVEL IS HELD OR IN CASE NIFTY FUTURES BREACHES AND SUSTAINS ABOVE 5626 FOR A SHARP BOUNCE.
FOR TRADING OF NIFTY FUTURES ON TUESDAY 25TH JUNE, EXPECT ANOTHER GAP DOWN OPENING INDUCED BY OVERNIGHT WEAK MARKETS & SHIVERING ASIAN MARKETS IN THE MORNING. NIFTY FUTURE FINDS INITIAL SUPPORT AROUND 5575, BELOW WHICH MONDAY’S LOW OF 5556 IS A CERTAINTY. EVEN A GAP DOWN OPEN MAY SMASH BOTH THESE SUPPORTS. BELOW MONDAY’S LOWS OF 5556 FUTURE LEVELS, ONE MAY EXPECT 5530 FOLLOWED BY 5515 & EVEN 5490 FUTURE LEVELS TO HAVE A CLOSER PEEP AT THE 10 APRIL LOWS OF 5477 SPOT NIFTY LEVELS. HOWEVER, EXPECT A GOOD BOUNCE IN CASE 5500 LEVEL IS HELD OR IN CASE NIFTY FUTURES BREACHES AND SUSTAINS ABOVE 5626 FOR A SHARP BOUNCE.
No comments:
Post a Comment