Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
02-Jul-13 NIFTY Options Analysis
Was away for some important work. As told yesterday the Since there was Heavy shorts in 5900 CE, Market corrected till the support of 5860.
Now there is heavy short positions being created in 6000 CE - But no positions yet in 6000 PE.
The Pivot is at 5872 now - So above 5872 Stay Long, Fresh Short positions only below 5872 or if market reaches 5920 . For Intraday if if 5860 breaks then can goto 5800...
The positional Pivot is at 5782 - So this correction can test 5782 at least and if it 5782 breaks will give at least 100 points till 5682...
Max Volume at 6000 CE and 5800 PE. (Intraday) - Wait for the MAX volume to change from 6000 CE to change to 5900 CE to take your SHORT positions.
Max OI at 5600 PE and 6000 CE - The pair is trading at 75.