NIFTY will go to 5150 by july end.......

NIFTY will go to 5150 by july end.......

  • YES

    Votes: 10 37.0%
  • NO

    Votes: 17 63.0%

  • Total voters
    27
  • Poll closed .
#7
Nifty could drop to 5150-5200 in the near-term as the uptrend is losing steam, says Sarvendra Srivastava of Emkay Global on NDTV Profit.
 
#9
nifty will so far play in the range of 5200 to 5500. i also expect nifty to remain in the above range at expiry....as today option statistics suggests that:

1) open interest for 5200 put is : 86.51 lakhs ( in today when mkt is down also ther is addition of 4 lakh put in open interest suggesting strong support at 5200 levels. similarly 5300 put also adds open interest but for sake of argument we can't say its a good support or nifty will not go below it.)

2) similarly open interest for 5500 call is : 104.64 lakhs suggesting strong resistance at that level.

see this the broad range for nifty during expiry is 5200-5500.
 

Taurus1

Well-Known Member
#10
World markets are in big trouble but the Nifty seems to be holding up so far.
Can't postpone the inevitable for very long.
 

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