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.
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.
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Gold stabilizes ahead of U.S. monetary policy meeting.
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