You must read previous articles and watch the given chart
carefully to understand this article completely.
For 25 June 2015: -
On 24 June 2015, FII Bought INR – 92.57 crs and DII Bought
INR 13.52 crs
Today is derivative expiry of June month future trades. Technically
this is going to be most volatile expiry. Nothing is going to be certain for today’s
trade. Normally today should be litmus test trading day for bulls and bear both
but this fall on expiry day. What I mean to say is that even after yesterday’s
last hour sell-off weakness cannot be guaranteed.
For today’s trading session, I am expecting a resistance to
emerge at 8360 and then 8400 levels. It is possible to expect a short term top
at yesterday’s high. If today’s closing goes in negative then it can be almost
certain. If that turns true then we may see retest of 8000 levels too. One
should trade less today, due to uncertainty. Key support is only at 8280
levels.
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Strategy for Nifty July future – I am not suggesting any fresh trade
for today. If I have picked long on 8200 Nifty July put from 69 which has
closed at 100 and I picked short from 8400 levels. I may opt to close this deal
if market fails to stay in negative. Key level is 8300 !!! If breaks then bears
can show some power.
S&P 500 (USA) – I was already expecting this kind
of dip. Once again, a top around 2135 came but remains untested at 2135. It has
shown weakness and came off. I still advocate that US indices are in top
formation mode. Trading support may emerge around 2010. Once it starts trading
below 2010 then we can expect a re-test of 2095 levels. I want to see the most
desired long term break out on down side.
