You must read previous articles and watch the given chart
carefully to understand this article completely.
For 29 June 2015: -
On 26 June 2015, FII Sold INR – 203.74 crs and DII Bought INR
234.21 crs
The ghost of Greece is back and hence all major global
indices are on big tank. I have added short on Nifty Future on Friday’s session
in last hour of trade and added 8200 put also on anticipation of possible top
to emerge at 8423 levels itself. SGX Nifty is down by 125 points. We have
updated our paid subscribers for Nifty target at 8200 levels. Major part of
possible fall will be washed in gap down itself. Greece is something which
cannot be predicted. Global markets are down right now who knows if it can go
green by night. I am just saying how unpredictable this can be.
For today’s trading session, I am expecting a weak opening backed
by Greece crisis. If gap down sustain then Indian market can really go scary
red by closing. Hence, I am advising strong caution. Equally, if situation
eases around noon hours then Indices may go on recovery. Just stay tuned for
News reports. Policy makers will try their best to hide their failure. They will
try to save Greece once more. My possible downside target and support is at
8200.
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Strategy for Nifty July future – If you have short on Nifty then enjoy
like else. If not, then just stay out of market. I cannot suggest taking short
after gap down. If I get a good chance to book profit then I will surely prefer
to book profit for once. Technical support can be at 8250 levels.
S&P 500 (USA) – It has closed at 2101 on Friday’s
session but now its future is down over 28 points. So it can straight forward
hit my technical target of 2070. Once it sustain below 2070 then we can expect
2045 levels too. It’s something which may be a final set back for sell off. Will
Greece be a trigger point for global market? I believe for Greece default from
past many years but every time it saved somehow. I never change my stand. Sooner
or later Greece will default and it can capable enough to bring a meltdown for
stock price anytime across the globe. In fact, policy makers has done blunder
by introducing ‘Euro” itself.
