Weekly Wrap: - The market ended lower with a volatile trading in this week. BSE indices witnessed intraday volatility as traders rolled over positions in the futures & options (F&O) segment from the near month May 2015 series to June 2015 series. The May 2015 F&O contracts expired on Thursday, 28 May 2015. The Sensex fell 129.06 points or 0.46% to settle at 27,828.44. The Nifty fell 25.30 points or 0.30% to settle at 8,433.65. The Reserve Bank of India's monetary policy review and macro-economic data will dictate near term trend
on the bourses.
On The F&O Front : - Weekly data shows in the past trading sessions, we have seen strong Put
writing in 8400/8300/8200 strikes & major Call writing in 8600/8500/8400 strikes indicating a range bound for market, in the near term.
On Technical Front: - On Nifty weekly chart strong resistance is seen at 8475 if it breaks with high volume, more bullishness is expected.
Nifty Directional:- Buy Nifty Future Above 8490 Target 8540, 8590 Stop Loss 8390.
NIFTY FUTURE CALLS, OPTION CALL PUT, INTRADAY CALLS AND MONDAY MARKET PREDICTION..... CLICK HERE
1 comments:
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