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Chennai, Tamil nadu, India

Sunday 22 June 2008

23-06-2008 Views

Hi, This week is the expiry week for June contracts. Last week Nifty started off with positive note.But last two days it turned negative and finished very low. This week it will be very volatile and market will swing in bothways.Nifty may find 4300 level and below 4170. It may reverse upward from this level. You may call it technical bounce or dead cat bounce.But every rise is potential point to reverse down.Ultimate down side may be 3500 level. Readers who are on profits can set up long straddle with buying 4300call and 4300 put of JULY contract. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

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