MARKETS FOR THURSDAY 25 JULY

NIFTY FUTURES OF AUGUST MONTH AT 45  POINTS PREMIUM IS HIGHLY VULNERABLE FOR FURTHER FALLS THAT WILL ENCOURAGE TRADERS LOOK FOR AN INTRADAY RISE OF SPOT NIFTY TOWARDS 6030 OR 6050 TO INITIATE SHORT POSITIONS IN AUGUST FUTURES. AS USUAL EXPIRY DAY OBEYS NO RULES & TECHNICALS. BULLS SHOULD CONSIDER VERY LUCKY IF NIFTY HAS THE EXPIRY CLOSING MUCH ABOVE 6000 & AT THE BEST ONE SHOULD NOT EXPECT ANYTHING MORE THAN 6060 FOR SPOT NIFTY . THERE IS M0RE LIKELY HOOD OF SEEING & HAVING THE EXPIRY CLOSING AROUND 5959 OR 5950 SPOT LEVELS.

INTRADAY TRADERS MAY SHORT NIFTY FUTURES IN CASE SPOT NIFTY FAILS TO BREACH AND SUSTAIN ABOVE 6020 TO 6025 SPOT ZONE  ABOVE WHICH ONE MAY EXPECT SHORT COVERING TO TAKE NIFTY SPOT TOWARDS  6030 TO 6035 ZONE FOLLOWED BY 6055 TO 6060 SPOT ZONE. SIMILARLY ON THE LOWER SIDE INCASE SPOT NIFTY CAN NOT BREACH THE INITIAL RESISTANCE OF 606020 TO 6025 THEN EXPECT BEARS TO AGAIN TAKE CONTROL OF THE SITUATION TO SEE WEDNESDAY’S LOWS OF 5962 SPOT BEING BREACHED TO SLIDE TOWARDS 5949 TO 5944 SPOT ZONE BELOW WHICH EVEN 5930 TO 5925 CAN BE TESTED THAT MAY FORCE THE BULLS TO THROW WHATEVER THEY HAVE TO SLIDE TOWARDS SUB 5900 TO HAVE AN EXPIRY CLOSING AROUND 5800. IN SPOT NIFTY 20 DAY SMA  HAD MOVED UP TO TOUCH 50 DAY SMA WHICH WAS TO BE A BULLISH SIGNAL  THAT MAY NOT BE ALLOWED  TO HAPPEN.