Temptation .... Even the first man "ADAM" could not resist the APPLE ...then how can we!!!!
Entire July, I was mentioning only one point, Q1 result will not be good and hence cascading effect will come on the economy. RBI policy was also a turn off for the market and hence nifty has slipped in a down trend.
Major triggers for this month: LOKPAL Bill, Inflation, IIP data and rising QE3 concerns for USA along with debt crises; NIFTY is looking week again in AUG 2011.
To add further last 3-4 trading sessions we can see "DOJI" pattern being created in Nifty Futures which only suggests one thing that Nifty Puts will be active.
Nifty Support and Resistance for this month
Support 1: 5330
Support 2: 5180 (which is also low for 2011 and below this nifty could be heading for 5000 or 4900)
Resistance1: 5630
Resistance2: 5745 (This is the last month high and above this nifty could be heading for 5900 or 6000)
If I have spare Rs10,000/- I would buy 10 LOTS of 5200 Puts at around 20rs and hold for the entire month, this is only for those who are willing to take 100% risk, BECAUSE profit starts ONLY when NIFTY dips below 5330.
Subscribers please ensure your mobile no. is updated with us for daily tips and market round up.
Happy INVESTING...from LEARN n EARN team.
Regards,
J2k
Entire July, I was mentioning only one point, Q1 result will not be good and hence cascading effect will come on the economy. RBI policy was also a turn off for the market and hence nifty has slipped in a down trend.
Major triggers for this month: LOKPAL Bill, Inflation, IIP data and rising QE3 concerns for USA along with debt crises; NIFTY is looking week again in AUG 2011.
To add further last 3-4 trading sessions we can see "DOJI" pattern being created in Nifty Futures which only suggests one thing that Nifty Puts will be active.
Nifty Support and Resistance for this month
Support 1: 5330
Support 2: 5180 (which is also low for 2011 and below this nifty could be heading for 5000 or 4900)
Resistance1: 5630
Resistance2: 5745 (This is the last month high and above this nifty could be heading for 5900 or 6000)
If I have spare Rs10,000/- I would buy 10 LOTS of 5200 Puts at around 20rs and hold for the entire month, this is only for those who are willing to take 100% risk, BECAUSE profit starts ONLY when NIFTY dips below 5330.
Subscribers please ensure your mobile no. is updated with us for daily tips and market round up.
Happy INVESTING...from LEARN n EARN team.
Regards,
J2k
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