Sunday, March 21, 2010

NIFTY - Expiry week, beware of volatality.


  • As mentioned earlier, there can be a throw back, which will be good buying opportunity.
  • Weekly pivot - 5211.38, Support - 5152.68. If weekly closing is below 5152.68, it can be a concern for the bulls. But any correction upto 5042.67 can be a very good buying opportunity.
  • 5309.21 can be a very strong resistance for this week. Above this, nifty can be very very bullish.
  • There can be gap down on Monday at 5216.39 level.
  • Expiry can be between 5150 to 5200.

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