Thursday, August 30, 2012

Nifty Outlook and trading levels for expiry day 30 Aug 12

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Aug series is  expiring  today
close all positions of Aug before 3.30 .
Close all in the money options positions before 3.30 today to save STT .
Possible Range for spot nifty may be 5250 -5330
Possible settlement level between 5280-5320
Almost flat opening is expected with extremely volatile session ahead . Stock specific moves and unexpected moves will be there market will be controlled by option players and we may witness spiky moves .Trade with stoploss and trail it accordingly.
Trade in Aug Nifty futures as per these levels
Buy at / above: 5310  Targets: 5326 - 5344 - 5362 - 5381
Stoploss : 5292
Sell at / below: 5292  Targets: 5277 - 5258 - 5240- 5222
Stoploss : 5310

Nifty eod chart is indicating that panic sell off is under progress ...and Nifty may test 5200 in case 5250 will be broken 

option table is indicating that huge addition in 5300 5400 calls and huge liquidation in 5200 -5300 - 5400 puts is indicating that situation is in the bears control now


1 comment:

  1. Stock market is known for its volatile nature and real Stock market experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.

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