26-5-2007 trading shows that markets as expected broken the support levels and drifted down further. Nifty closed at 4117 -121 points. FII data shows that more shorts were added, means further fall. F & O figures - nifty futures 17 lakhs added - ve. Option writing - more calls were written means markets will fall further. Global cues are + ve now and SGX nifty is +50. Indicators are turned down now.
Over all view: Though SGX nifty is positive now, by seeing the FII shorts accumulations and option writing it is expected markets may fall further and nifty may close for this settlement around 4050 zone. Then more - ves may come for the next weeks. Will nifty take support at 4050-3850.
For today wait and trade down side only.
s2 = 3991 s1=4054 p= 4155 r1 =4219 r2= 4319
Over all view: Though SGX nifty is positive now, by seeing the FII shorts accumulations and option writing it is expected markets may fall further and nifty may close for this settlement around 4050 zone. Then more - ves may come for the next weeks. Will nifty take support at 4050-3850.
For today wait and trade down side only.
s2 = 3991 s1=4054 p= 4155 r1 =4219 r2= 4319
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