NIFTY OUTLOOK

Nifty future's Expected high & low for

7-7-10

are

5351 and 5270

Resistance at 5325

ABV will lead to

5333-5345-5353.

Support at

5288-5272-5263.

trades below 5273

we may see sharp dip towards 5232-5222.

Markets continue to remain rangebound between 5200 and 5400.

redefined the swing low at 5200...

expect rangebound trading to continue for some more time... maybe upto next week.

mkt still undecisive.

No clear trend has been established yet

charts still favourin downside

Huge OI in NIFTY suggests one side will see big move

5200 put has highestOI

break of tht can CREATE PANIC

still no biased posiiton advisable as long as we dont break confirm either side

break of either side can give quickly 250-300 points easily

5363 & 5210 respectively

MAGIC POINTS ARE 5343 and 5262