NIFTY HAD A GOOD WEEKLY SUPPORT IN 5770 ZONE WHICH HAS BEEN BROKEN AND THE NEXT MAJOR WEEKLY SUPPORT NOW IS IN THE ZONE OF 5630 LEVELS. NIFTY HAS CLOSED AT 5990 WITH VIX ABOVE 21 LEVEL. AS NOW THE JUNE EXPIRY IS ABOUT TO HAPPEN MARKETS MAY WITNESS EXTREME VOLATILE MOVES AND TRADES MUST AVOID HIGH BETA STOCKS TO PREVENT THEMSELVES FROM ANY UNMANAGEABLE LOSS. LOOKING AT THE OPTION CHAIN EXPIRY RANGE MAY BE 5550-5650 BUT AS MENTIONED EARLIER VIX IS THE MAJOR CONCERN NOW.
No comments:
Post a Comment