Flat to negative opening is expected...market may be volatile ahead of expiry..we are expecting that traders are not too bearish till Nifty is trading above 5150 at 200 DMA so it is recommended that accumulate your portfolio keeping 5150 as firm support ...option data is indicating that calls writing increased at 5300 and put writers exited from there so we may expect settlement between 5250 -5300 as per current scene.
Sudden fall in VIX ,i.e. more than 10 % is indicating that market may blast up side at any moment ..there fore avoid to go short if u are not familiar with trend ..
Trade in May Nifty futures as per these levels
Buy at / above: 5245 Targets: 5270 - 5299 - 5318- 5339>>>
Stoploss : 5228
Sell at / below: 5228 Targets: 5202 - 5176- 5158>>>
Stoploss : 5245
Important results today ..
wipro
yesbank
ibrealest
bharat electronics
lic housing
india cements
raymonds
sterlite ind
Sudden fall in VIX ,i.e. more than 10 % is indicating that market may blast up side at any moment ..there fore avoid to go short if u are not familiar with trend ..
Buy at / above: 5245 Targets: 5270 - 5299 - 5318- 5339>>>
Stoploss : 5228
Sell at / below: 5228 Targets: 5202 - 5176- 5158>>>
Stoploss : 5245
Important results today ..
wipro
yesbank
ibrealest
bharat electronics
lic housing
india cements
raymonds
sterlite ind
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