On the lower side it may take support form yesterdays's low (4121), next support comes at 4055 levels. I am expecting a little pullback today. On slightely longer horizon (few days), there is a possibility of Nifty going down to 3900 levels, which is the target of Expanding Triangle posted on June 22nd.
On higher side Nifty may pullback a little bit today, 4230 is the first resistance above which it can reach up to 4260/80 levels.
Below is the hourly chart of Nifty Futures:
7 comments:
Hi..Doji,
"yesterday's low of 4225" - Correct it to 4121 for future and 4136 for spot.
"Too much work"..I guess.!!
Best regards.
ilango
Ooops! it was a typo, i have changed it. Thank you for correcting sir :)
-Doji.
hi doji iam holding dlf put 300 strike prise at21 rs.i can hold it for one more week.
very informative blog doji..keep up ur good work :)
Thank you chenna
Doji,It will be very useful if you include OI data too as an information EOD which may help us more in taking decisions.
Hi Jayrang, here is my view on DLF. I think I would hold 300 puts until the spot touches 270, please take a decisions by your own analysis.
-Doji
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