After the Greece election result being declared, the entire world market
has absorbed the news and still able to move up. This clearly shows that
market has already discounted this information. And the main reason the
market was nervous was because there was feeling that Greece will move
out of Euro zone which has now been nullified.
Obama's visit and the statements are looking extremely positive for India.
As per the statement, we are just doing 1% exports to USA. Which means
there is HUGE scope for growth.
If you read between the lines, there is a lot of funds which are going to
come to India which has not happened anytime till now.
Technically 8900 is a very important level. Now if Nifty closes above
8900 for 2 days, then there would be huge rally which can take the market
towards 9200-9300. We can also see the levels of 9500 also very soon if
the market holds this momentum.
For this month, we could definitely see one short covering rally of around
100-150 points in the next 3 trading sessions. You can Buy 8900 call options
and have Rs.20/- as stop loss till expiry. This can move towards 150-200
by this expiry.
The immediate support (stop loss) will be @ 8780.
has absorbed the news and still able to move up. This clearly shows that
market has already discounted this information. And the main reason the
market was nervous was because there was feeling that Greece will move
out of Euro zone which has now been nullified.
Obama's visit and the statements are looking extremely positive for India.
As per the statement, we are just doing 1% exports to USA. Which means
there is HUGE scope for growth.
If you read between the lines, there is a lot of funds which are going to
come to India which has not happened anytime till now.
Technically 8900 is a very important level. Now if Nifty closes above
8900 for 2 days, then there would be huge rally which can take the market
towards 9200-9300. We can also see the levels of 9500 also very soon if
the market holds this momentum.
For this month, we could definitely see one short covering rally of around
100-150 points in the next 3 trading sessions. You can Buy 8900 call options
and have Rs.20/- as stop loss till expiry. This can move towards 150-200
by this expiry.
The immediate support (stop loss) will be @ 8780.
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