ABOVE AS WE HAVE TRIED TO SHOW IN WEEKLY CHART WHY WE ARE TRANDING IN TOO TIGHT RANGE FROM SOME DAYS .IT IS SENSEX MAIN RESISTANCE ZONE BREAK OF WHICH WILL MEAN 1200 POINTS RALLY . BREAKOUT WILL BE MASSIVE AND SHOULD BE USED BY ALL MAKE QUICK MONEY .
SAME THING IS REFLECTED IN DAILY CHARTS BY CHANCE ANY BAD NEWS ALSO COME IT WILL BE HUGE BUYING OPPORTUNITY .TILL WE HOLD 16600-800 LEVELS .
DERIVATIVE DATA SHOWS THAT THRE WILL BE GOOD VOLATILITY IN COMING DAYS . VIX INDEX FOR THE WEEK ENDED WAS 27.14 ,UP 1.01 COMPARED TO PREVIOUS WEEK 26.14.
4900 AND 5000 PUTS HAVE SEEN REDUCTION IN OPEN INTREST WHILE 5100 PUTS HAVE SEEN SOME BUILD UP .
POINT TO NOTE IS THERE IS HUGE BUILD UP IN 5300 AND 5400 CALLS WHICH SUGGEST IF BREAKOUT HAPPENS UPSIDE IT WILL BE GOOD ONE .
TIME TO BUY MID CAPS AND SMALL CAPS WHICH ARE UNDERVALUED TO GET MASSIVE RETURN IN SHORT TIME SPAN .
REGARDS
NIFTY TRENDS TEAM
1 comment:
very good analysis, really helpful
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