Hi Traders,
here is Nifty Option Chain on 04th Oct 11(Tue).
I have added OCT Series calendar to the file and marked the past sessions and holidays in grey.
here is Nifty Option Chain on 04th Oct 11(Tue).
I have added OCT Series calendar to the file and marked the past sessions and holidays in grey.
Nifty made a high of 4870 today and oscillating between 4830 and 4860 till afternoon.Moody's downgrade of SBI has impacted the other banks also. and Nifty had fallen very swiftly to 4720 levels. It got support there and closed at 4770. Nifty has come to 4720 levels in the Aug , Sept Series. This time Nifty has touched this level very early in the series. Not positive. Also global markets are also in the downtrend in the past few session.
ECB meeting is on 06th where a rate cut is expected and 06th is a trading holiday. If global markets take that action positively there may be relief rally.if that materialises, on 07th Fri, Nifty may open gap up. If you are ultra bearish, keep this point in mind.however i think, any pull back rallies would be shorting opportunities rather to go long.
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