Thursday 28 August 2014

28/08/2014 NIFTY STRATEGY

TODAY F&O CLOSING. SO AS USUAL VOLATILITY WILL CONTINUE. ONLY IN CLOSING HOUR  WE CAN SEE THE CLEAR DIRECTION FOR THE NIFTY. NIFTY TODAY RANGE BETWEEN 7890-7970. IF CLOSING BELOW 7890 THEN NIFTY WILL GO TO 7820LEVEL IN COMING DAYS. IF TODAY CLOSING ABOVE 7970 IT MAY TOUCH 8030-8100 VERY SOON. TAKE THE POSITION ACCORDINGLY. FII's BUYING IS SHOWING UPPER SIDE. BUT TECHNICALLY NIFTY IS OVER BOUGHT ZONE IN THE CHART. SO PLAY CALL AND PUT STRATEGY AS PER MY EARLIER POST. 

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