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Tuesday, June 22, 2010

HOW MIGHT NIFTY JUNE SERIES FUTURES & OPTIONS EXPIRE ??

Hmm..quiet a RUN UP BY BULLS (efforts by market makers) helped NIFTY to sustain above our given RESISTNCE LEVEL 5262** ... So what NEXT ?? Now some are expecting 5400++ levels & the others 5500/5600.... but the recent upmove since the start of june series was a SHARP one (FROM 5138 - 5300 LEVELS) while we never witnessed the FIGURE  NIFTY closing or consolidating around 5198 - 5262...today NIFTY FUT made a low of 5311.5 ( tape reading analysis - SUPPORT SEEN @ 5300 )...
            "MARKETS are always  known to go against PEOPLE expectations"
 Well if the market follows the above  stratergy  this time then then  NIFTY JUNE SERIES WILL  EXPIRE AROUND 5260-5198 LEVELS..
                                                      RISK LEVEL - 100% 
                  NIFTY JUNE EXPIRY OPTION JACKPOT - 5200 PE [ closing price 3.90 ] 

                BEST BUY 4 RESISTNCE @ 4.90 ABOVE THAT TARGET 7.60 / 8.20 / 9.10
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