Expiry day Prediction
Nifty slipped out from up slanting channel… expecting 5950 -60 will extend gud support and it will be able to re enter in up slanting channel means closing at or above 6000…which is demand of fib as it must close in green in 5th week too…
As per options table nifty is having very strong support at 5900 and may not slip below 5900 in any case ,6000 is almost tie as option writers have equally sold options of 6000 CE/ PE approx 60 lacs each and having 40 to 50 Rs option premium in their account if sold ce and pe 6000 yesterday … if nifty will settle any where between 5950 – 6050 writers wont be in loss at any cost so they will try their best to manipulate nifty between 5950 -6050 and will try to settle at 6000 plus minus 25 points so expect closing between 5975-6025 …
Negative to gap down opening is expected with extremely volatile session ahead.Stocks specific moves will be there market will move fast today, range may be slightly wide.
Trade in Aug Nifty futures on Expiry day as per levels ..
Buy at / above: 6004 Targets: 6021 – 6041 – 6060 – 6085
Stoploss : 5983
Sell at / below: 5983 Targets: 5968 – 5947 – 5930 – 5910
Stoploss : 6005
Day before yesterday we were holding Aug nifty Short at 6125 6140 level call was
Admin: stbt nifty contra call hope of 20 30 points but risk also same go for aug niftySHORT
Nifty Outlook & Trading levels for Expiry day