indiamarketoutlook

Nifty 09 July weekly expiry range

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 10775

Yesterday we were able to capture the fall and made the most of it...

Analyzing yesterday's trade data

- Retail participants have Net neutral stance on Nifty futures
- FIIs are having a positive bias and
- Pro traders are having a Bearish stance on Index Futures

PCR has cooled off to 1.22 from 1.43 yesterday.

Now Every one is waiting for the Result calendar to start... With TCS results set to be announced after market hours, today we might be confined in a range. Neither the Bulls nor the Bears want to give away their ground..

- Prima facie Broader range for Nifty looks likely to be 10855 - 10662

My trading plan... my best trade for today is No trade ...This is a no trade zone for me ... And I would wait till tomorrow for fresh cues.

Why take risk unnecessary...???


Take care & safe trading...!!!

Take care & safe trading...!!!
Comment: Nifty CMP 10880

If I have to give a shorter range for the day

10795-10710 looks likely the range

Closing figure could be between 10733 - 10765


Disclaimer
- The view expressed here is my personal view & can change during the course of the day
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Comments

but i see fii figures different. they have sold net cash 1500 crores and and 50000 contracts net sell in index
Reply
@Parasuram, They have sold -994.87Cr in Cash Market but in Futures they have bought 14325 { 11518 Bought Futures Long & squared off 2807 Short Contract) worth 1002 Cr.
Reply
Great analysis. Just confirmed with the current flow of market.
Reply
Thank you sir ji
Reply
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