15-7-2009: Due to some technical problem at me I could not post my views yesterday. Nifty closed at 4234+122.
The swing reversal from nifty 3920 is rising well with a good steam and it will continue even today as the FII data, F&O data, option writing, global cues, SGX nifty all are showing greenish. The view to determine is the range to which the steam will take the markets at present. My view is if markets crosses nifty 4320 zone where there will be some jerks to weed out weak hands from longs then we will see nifty 4700++ in this settlement it self. Let us wait and watch on the ticker screen the remaining story.
Over all view: Wait for a jerk and try to buy calls for handsome gains in this settlement.
The swing reversal from nifty 3920 is rising well with a good steam and it will continue even today as the FII data, F&O data, option writing, global cues, SGX nifty all are showing greenish. The view to determine is the range to which the steam will take the markets at present. My view is if markets crosses nifty 4320 zone where there will be some jerks to weed out weak hands from longs then we will see nifty 4700++ in this settlement it self. Let us wait and watch on the ticker screen the remaining story.
Over all view: Wait for a jerk and try to buy calls for handsome gains in this settlement.
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