Market View 1st August 2014

Market has broken important support of 7680.

Now it is good to short the market and market can now test 7630, 7600, 7580.

At this level, we need to see if it can take some support.

Today on Intraday, you can short Nifty Futures (Aug) @ 7730
SL 7750
Target - 7700, 7680, 7650


Sell Bank Nifty Futures (Aug) @ 15360 - 15400
SL 15450
Target 15200, 15000

Market View 31st May 2014

Market took support yesterday @ 7700 and it seems to resume back to its previous bullish momentum.

Market is Buy on Dips.

For today, market supports will be @ 7750, 7770

Once market crosses 7795 with volumes, it can give bigger momentum
to test 7840 and can move further.

Bank Nifty has to support if market needs to cross 8000.

If Bank Nifty also supports, we can soon test newer highs

Market View - 30th July 201

I am restarting my blog and will continue to give my views.

Market has moved from 7422 to 7840 non stop and now it is showing
some correction.

Nifty may take support around 7680-7700. This is 38.2 retracement.

Thursday is expiry for this months contract.

Highest open interest for July contract lies in 7700 put and 7800 call,
which suggests that this expiry will be in between 7700 to 7800.

Fresh long positions should be avoided for time being as market looks
to consolidate.