Nifty expiry view Aug'10

Nifty made a strong bullish setup before expiry

• Open inside 19540 - 19620 zone becomes a buy on dip scenario
  
• Open above 19620 will be a quick short covering rally with dip not less than 19620
  
• Upside targets range from 19740 to 19800
  

Nifty become weak only below 19500 and will become a short market once 19400 break decisively

Comment:

Only my personal view:

200+ points rally from closing level possible in Thursday/Friday session

This gives a target near 19870

Try a zero-hero trade with just 2k in near ATM and should give good return 5x or more, don't be greedy just keep it small and smart

Comment:

Ignore my previous comment
Keep a max view of 19740-19780 for tomorrow expiry

Comment:

View is totally negated and resulted in loss today

But the levels view on upside is intact if we see Nifty trading above 19600 in tomorrow trade