- Today VIX close at 61.03 V/s 57.02 (7.03%) High Volatility in coming days
- Nifty May Future Close At 3552.05 With 02 Pts Disc.
· Also OI Dcreased to 38.00 cr Vs. 37.90 in May fut.With decrease of 0.93 lacs 0.25 Vs -0.51 %
· Active calls in May series are 3800-3700-3600 (most active)
· Active puts in May series are 3500-3600-3400 (most active)
SUMMARY FROM THE ABOVE DETAILS.- Maximum target for this rally is 2860 – 2890 – 2930-2958-3005-3082 -3166 – 3200 -3240 – 3312 – 3450 --3500-3590-3680-3700-3790
- Targets Achieved On Closing Basis Pending Tgt Are Unhilighted. (+) Or (-) 20 Pts
- The Day Which Every Bear Were Expecting Has Arrieved Atlast But This Is Still Not Confirm For Positional Short As Still We Are In Rectangle Of 3480 – 3720 This May Be Premature To Confirm It As A Down Trend , As Stil Not A Single Stock Of Nifty Has Shown Downtrend But Only Pullbacks Are Seen Also Today We Have Closed Below The Intra Band Which Indicates That Tomorrow This May Continues If Globle Cues Are Weak In The Morning Otherwise We Can Easily Find Support At 3520-3480 Levels And Again Bounce Back To 3600 As Till Election It Seems That The Rectangle Of 3480-3720 Will Work And Can Be Broken On Either Gap Up Or Down Unless Close Below The Rectangle Is Not Seen Please Do Not Carry Any Over Night Position In Either Direction Only Play Intraday Trades Till Election Results. Also Since 2 Days We Have Bearish Closing. So Let Market Decide Whether It Is Bear Market Rally Or New
- LEVEL FOR THE DAY
- TECHNICAL OUTLOOK :
- Imp Support 3520, Imp Resistance 3590,
- Likely Trading Range 3480 - 3625,
- Trade on long Above 3582 and Vice versa
- Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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