You must read previous articles and watch the given chart carefully to
understand this article completely.
For 26 November 2015: -
On 24 November 2015: FII Net Sold – INR 540.12: DII Net Bought – INR – 532.13
We have derivative expiry today. Past three trading sessions has not
moved much from 7850 levels. This is showing enough confusion amongst trading
direction. This may go against the possible big move on expiry day. I am
expecting a dead flat expiry with majority of move to come in last hours of
trade. Even if 7800 or 7900 has to come then also it may come in rapid quick
trades. I suggest limiting yourself from index trading.
For today’s trading session, I am expecting market to open on positive
note. Afterward we may not see any move on either side till noon session. Technical
support is in the zone of 7820-7800. On higher side 7880-7900 may act as stiff
resistance. As opening may come around 7850 so the deal on expiry goes 50:50.
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Strategy for Nifty November future – Nifty
Future may not have great trade in choppy days. Technical support is still at
7820-7800 levels but equally there are signs for the break of this support. If it
opens around 7850 levels then it may go in no trade zone. I will touch December
future from today onwards and levels will be updated during trading hours.
S&P 500 (USA) – It is
dead as expected and I do not change my study. This is not so good as per trade
near 2100 is concern. It may advance or it may not advance and that’s the
reason I do not used to buy at 2100 levels. Technically market is still in no
trade zone. As long as it is above 2070-2060 we can say this level to hold. On
other side it can see a possible dip from higher levels. It seems that recovery
has done but that’s my speculation only.
