nifty expiry views

tomorrow ns may open with a small gapup near 6064ns
and may trade in 6117-6060ns range
and close near 6106
tomorrow call buyers will be looking for a dip to buy calls but operators will not allow them
6100pe will be made zero
sl below 6032ns

most probably operators may keep ns in tight range till 2-2.30pm may be in 6060-80 range
after2.30 may pull up ns towards 6117 levels 

being expiry day trade with caution and strict sl as per your risk capacity

if in coming next 2 weeks ns does not close below 6021 anyday then ns may possibly trgt 6224ns levels

 

BEARISH WW PATTERN

TODAY NS FACED RES EXACTLY NEAR THE UPPER T/L (BLUE LINE)(ALTHOUGH IT WAS A HIGHER HIGH ABV 6101 ALSO A 52WK HIGH ) OF A BEARISH WW PATTERN AS SHOWN IN CHARTS

IS IT POSSIBLE THAT NS MAY DIP TOWARDS 5910-320 RANGE IN NEXT 2 DAYS OR MAY BE TILL FRIDAY WHICH WILL ALSO BE NEAR SUPPORT OF 55EMA LEVELS IN NS DAILY CHARTS??

IF ITS SO 6000PE CAN BE LOTTERY THIS SERIES

6038-34 IS STRONG SUPPORT AS SHOWN IN PINK LINE

IF NIFTY BOUNCES FROM 6038 NEAR LEVELS THEN MAY MOVE TOWARDS 6128-37 RANGE TILL FRIDAY

MY GUESS IS THIS EXPIRY WILL BE VERY INTERESTING AND CAN BE VERY REWARDING TOO IF HAPPENS TO BE ON RIGHT SIDE

NIFTY VIEWS

NS 5 MIN 5 DAY CHARTS
NS TRADING IN CHANNEL PATTERN
VERY NEAR TO CHANNEL SUPPORT
POSSIBLY A BOUNCE MAY BE EXPECTED FROM SUPPORT NEAR 6038-32 RANGE..ANY BUY NEAR THOSE RANGE CAN HAVE SL BELOW 6021..SUPP BELOW 6021 IS 6113-6008 RANGE
6076-82 IS RESISTANCE  RANGE AS SHOWN IN PINK LINE IF COULD NOT SUSTAIN ABV IT THEN WILL AGAIN RETEST LOWER T/L OF CHANNEL
ABV 6088 IF SUSTAINS MAY MOVE FOR HIGHER HIGHS TOWARDS 6123-28 RANGE TILL EXPIRY
TOMORROW MAY TRADE IN 6038-6103 RANGE 

views from a friend

Even now they are net long in Index Fut by 143814 contracts, Stock Fut they are net sellers for 648540 contracts and they are also net long in Puts by almost 4 times the index fut net long in terms of no of contracts. This was till yesterday, today`s data is not yet available. This indicates bearishness. When market goes up they increase puts and reduce the index futs and when it goes down they reduce the puts and increase the index fut, resulting in ping pong. They have full control of what is happening. NSE has all these details.source:email on 25th after close of mkts

NIFTY VIEWS

STRATEGY FOR MONDAY TRADING:

ON MONDAY NIFTY MAY OPEN WITH SMALL GAP UP ABV 6088 AND MAY MOVE UP TOWARDS 6108-6113 RANGE WHERE NIFTY CAN BE SHORTED WITH SL ABV 6124 FOR TRGTS 6091-6077-6063

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ALTERNATE BEARISH VIEW:

A BEARISH WW DEVELOPING IN NS CHARTS
MAY TRGT BELOW 5930NS LEVELS IN 2-3 DAYS
CAN RBI CREDIT POLICY MAY BE THE REASON OF THE IMPENDING FALL IN NIFTY???

NIFTY VIEWS

AS PER FRACTALS I AM EXPECTING FOLLOWING MAY BE PATH OF NIFTY THIS SERIES

6123-6050-6137-43

ON EXPIRY DAY MAY SEE SERIES HIGH OF 6137-43 RANGE

MONDAY-BULLISH
TUESDAY-BEARISH
WEDNESDAY-BULLISH
THURSDAY-BULLISH
FRIDAY -MAY BE BULLISH TOO

an expanding triangle pattern developing in ns charts
tomm BUY any dips IF comes may be near to 5996-6001 (sl below 5988)levels and then a big rise towards 6123 levels may be coming this series

fractals are indicating
1.either a big - big gap up tommorow and then downslide may start again for 6000 near levels
or

2.if opens with a small gapup abv 6038-44 range then will keep moving up and up as day proceeds towards 6088-6099 range
if sustains abv 6044 buy with sl below 6026

remaining days in this expiry may see great volatility

also RBI credit policy on 29th can be a lottery to option buyers

expecting ns to trgt near 6143 this series