WEEKLY NIFTY VIEW

FOR LAST FIVE WEEKS NO MOVEMENT IN NIFTY. ONLY

OPTION WRITERS MAKE MONEY.

WE EXPECT A BREAK-UP OR BREAK-DOWN IN THIS WEEK.

MAY BE THIS WEEK WECAN SEE RETURN OF VOLATILE INTO THE MARKET.

NIFTY WILL MAKE SOME POSITIVE MOVEMENT IN THE FIRST TWO DAYS.

AFTER THEN IT WILL START TO CORRECT.

CORRECTIVE WAVE CAN ALSO TAKE LONG TIME.

BULLS CAN BOOK PROFIT AT 5511-33 LEVELS.

NOW THE STOP LOSS FOR BULLS IS TWO CLOSING BELOW 5377.

BEARS HAVE TO WAIT FOR ABOVE TWO CLOSINGS.

AFTER THEN SHORT IN EVERY RISE AND MAKE PROFITS.

WEEKLY TRADING RANGE

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5200/5244-5488/5533