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Pre Market Report, May 30, 2014

By
May 30, 2014
2 comments
Sponsored by
www.adityatrading.in
May 30, 2014
Time: 8 am

Pre Market Report:

  1. US markets rose once again.
  2. Most Asian markets are up.
  3. But SGX Nifty is slightly lower, trading at 7261.
  4. Now the expiry jitters are over.
  5. We have to see any fresh buying coming in or not.
  6. Banking stocks will be volatile due to RBI policy on next Tuesday.
  7. FIIs continued to sell.
  8. In fact in the last three days both FIIs and DIIs sold which is rare.
  9. We do not know when the correction will come to an end.
  10. But one thig is sure, this correction is a buying opportunity.
  11. Marketa are likely to move higher in the next few weeks.
  12. Today Nifty future should take support at 7240.
  13. Resistance will be at 7320.
Written By

Options Trader and Trainer

Comments

  1. Unknown30 May 2014 at 09:10

    Thank u show much for ur another success weekly calls sir.This time adanient closed 452.u gave 450 put.vov....... what a prediction, super sir.

    ReplyDelete
  2. P R Sundar1 June 2014 at 08:53

    It just happened, I can not take credit for that. As option sellers, we do not sell only one but many. Most of the options give good profit, one or two may give some minor loss. In fact, I was scared that Adani will go below 450 and sold additional call options at 550, 540, 530, 520 and 500. So fortunately, I got huge profit.

    ReplyDelete

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