Sunday, October 5, 2014

Nifty Analysis for the week 07-Oct to 10-Oct-14

On the chart Nifty spot looks weak. Any weakness in 7940-7980 region can pull it down 100 points to 7840 and further weakness from 7800 region will trigger a major sell-off which may crash it down 300 points to 7510.

Option data is also suggesting the same picture. Option strike price with significant activity are marked in red border. Advance warning that market may witness a sell-off soon.

Happy Trading (to the bears ;)

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