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Monday, November 26, 2012

bearish expiry targets

if on monday nifty opens flat and after open ns could not break abv 5635-46 range then broader trading range till expiry is 5512-5635
my expiry guess is 5537
with intraday lows of 5512 on expiry day

on monday ns may trade in 5536-5635 range may close near days low
on tuesday ns may again move up towards 5626 levels and close near 5585
wednesday is holiday
thursday is expiry day and views as above
 
just some tukka calculations based on fractals.please dont trade blindly just on abv views

opening on monday will decide niftys fate and moreover news flow in second half may increase volatility



this view is valid only if ns does not break abv 5635-46 range

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