Markets Next Week (June 19 - 24)
The Markets did get some steam back in to it during the last two days however the Nifty Future is still trading at a discount of around 15 points to the Nifty spot at close today. Inspite of the pull back this gap between Nifty Future and Spot remained throughout the last two trading days and this shows a build up of Short Positions in Nifty Future. Moreover the open interest (Options) in Nifty 'Put' kept adding up and the 'Calls' could'nt keep up indicating that we could witness another fall next week that could ulimately take the market to its bottom.
Moreover FTSE, DAX, CAC and other european market has not witnessed a rally today like the Asian Markets did and this indicates that this relief rally in global markets over the last two days may not last through next week.
So play safe next week and book profits as and when possible as it can help you to do some real bottom fishing.
Thank You,
A.K.Siva
The Markets did get some steam back in to it during the last two days however the Nifty Future is still trading at a discount of around 15 points to the Nifty spot at close today. Inspite of the pull back this gap between Nifty Future and Spot remained throughout the last two trading days and this shows a build up of Short Positions in Nifty Future. Moreover the open interest (Options) in Nifty 'Put' kept adding up and the 'Calls' could'nt keep up indicating that we could witness another fall next week that could ulimately take the market to its bottom.
Moreover FTSE, DAX, CAC and other european market has not witnessed a rally today like the Asian Markets did and this indicates that this relief rally in global markets over the last two days may not last through next week.
So play safe next week and book profits as and when possible as it can help you to do some real bottom fishing.
Thank You,
A.K.Siva