Jul 24 2016 9:45PM
As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July.
Jul 11 2016 7:59PM
As per the prediction for July series, NIFTY Index is very near to upper level target of 8500. Watch this space for next update....
Jul 6 2016 6:40PM
Fitch downgrades india Banking Outlook to Negative
24 Jul 2016
NIFTY – Unlikely to give up on the gain before July F&O expiry
Technical & Derivatives Analysis: 24th July 2016
At the beginning of the series, I had given my prediction that NIFTY would trade in the range of 8000-8500 forJuly 2016. The results are in front of you. NIFTY is hovering around 8500 as we enter into F&O expiry week.
As you can see on the Technical chart, Index is trading near 76.4% Fibonacci Retracement level. It will be a turning point for NIFTY, if it is able to cross and sustain above this level.
As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July. Options IVs also does not indicate any big movement before expiry day. Best option would be to have little patience till expiry and then buckle your seat belt for the big move in August series. Keep close eye on Rollover number. I will provide next update immediately after expiry day…
Learn Technical & Derivatives Analysis | call 9892230682
01 Jul 2016
19 Jun 2016
To learn Practical Technical & Derivatives Analysis call 9892230682
Prabhadevi Dadar, Mumbai 25
18 Jun 2016
Copyright © 2016 marketrahasya. All Rights Reserved.
Disclaimer: All information provided "as is" for informational purposes only, not
intended for trading purposes or advice. Prior to execution of any security trade,
you are advised to consult your authorized financial advisor to verify the accuracy
of all information. Neither MarketRahasya.com nor any independent provider is liable
for any informational errors, incompleteness, or delays, or for any actions taken
in reliance on information contained herein.