NIFTY ANALYSIS
My fear of the nifty closing below 5000 Proved Correct.But market still seems to support it at around this level.
Triggers:-
Reports that Hike on Petrol
Inflation Climb 8%+
Crude Rising
Dow in Deep Red
Karnataka Election Results
Yesterdays prov cash figs: Fii's net sell of Rs 654 Cr; Mf's & Inst net buy of Rs 750 Cr; Retails buy of Rs 30 Cr
FII Short on Index Future & Stock Future
Nifty Levels To Play
Watch for the level of 4,900 and act accordingly.4905-4920 IS OUR BASE 1 & Below 4870 is Final Base for short term bulls.
Nifty is strong above 5012 Only & Close below 4900 initiate fresh shorts for TGT 4870-4844-4812-4770-4730
Every level we cn expect bounceback.
Trend reversal : Abv 5050 Only
Expiry Special : Buy 5000call With Stoploss 4890 in Dips I m expecting a good shortcovering so we may get 100-125+ Nifty points frm current levels.
Special Caution:There will be swings of 100-150 pts in Nifty on single days on both sides.So Trade in 4900 Put & 5000 Call Till Expiry.
4900 Closing Basis is Support For Bulls Below Expect Selling Till 4730
Nifty is Strong Above 5012 & Abv 5050 Very Strong Cn Reach 5150-5212
5000Call With Stoploss 4900 & 4900 Put With Stoploss 5012 Simple Strategy
Small Traders Can Avoid Becauz Due to Expiry week we cn see panic slide in Premium either side.
Investors should wait for clear signals before entering.
Traders should take only barest minimum position at this time.
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