Monday, August 25, 2014

Nifty may trade at 8300 if it will break 8040

Nifty may trade  at 8300  if  it will break 8040 and at  7500 if pulled back by horizontal channel 7500 – 7800.. .


Slanting channel top passing through 8050 . horizontal channel range was 7500 – 7800. nifty  sustained above it for full week  channel may try to pull is back within its limits . if upper channel will break  by bulls with volumes which is passing through 8040 then new territory will be in range 8000 >> 8300… if horizontal channel will pull prices back then may trade 7500 to 7800 range …all possibilities are open stay in trade with proper stop loss and avoid emotional trades / over trades .


NIFTY_Daily_24-08-2014 (2)


HDFC future traded below 1048 call was

14 Aug 14, 09:20 AM


admin: selll HDFC f 1130 34 sl 1151 tgt 1120 1112 >>>>1052

1134 >>>1048 more than 80 points gain

lot size 250 net gain more than 20000/- per lot in 6 sessions http://prntscr.com/4fxov7

Dhanvarsha join now http://dhanvarsha.in/chatroom/


 


Flat to negative opening is expected with increased volatility as it is start of expiry week and options writers will dominate  . Nifty seems will mot cross 8000  in coming 4 sessions as bindas call writing of 9000000 nifty is there ..don’t you feel writers will not allow nifty to move above 8000? have a look



at 7800  and 7700  put writers are active and sold 70 lac nifty puts at each strike .so forget that also .now we are having 7900 so plan expiry around 7900 plus minus 50  means 7840 to 7960 just calculated seeing options data  of Friday …it may change due  to change in options open interest .


Trade in Nf as per these levels


Buy at / above: 7938 Targets: 7961 – 7983 – 8006-8027
Stoploss : 7912
Sell at / below: 7912 Targets: 7888- 7858 – 7836 – 7814
Stoploss : 7938


 




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Nifty may trade at 8300 if it will break 8040

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