This bull rally may extend for another day or two maximum and lucky if extends to three, we should see nifty hitting a major resistance at 6350 spot or even lower as stiff resistance begins from 6332 spot level.It is prudent that one hedge this with the purchase of 6100 puts which should come around Rs. 7 to 5 and one has more money to invest then 6200 put would be ideal.The real rich investors 6300 would be your bet.
There may be a break down in nifty which might come about as early as Tuesday afternoon or latest by Wednesday mid morning or around Europe opening.This time the journey may not be as steep but it will be a sure return to 6200 level on spot and by month closing we may even see 6190 spot.Which might just be above the last month's closing.
This market is range bound for some more time to come, 6150 to 6350 and for new highs to be seen we need a deeper correction.The trigger for this may come from external sources, it could be Dow cracking followed by the Chinese and other Asian market or is it internal triggers, we need to wait and see.But time is getting closer for the bull run to be over and markets over run by the bears.
There may be a break down in nifty which might come about as early as Tuesday afternoon or latest by Wednesday mid morning or around Europe opening.This time the journey may not be as steep but it will be a sure return to 6200 level on spot and by month closing we may even see 6190 spot.Which might just be above the last month's closing.
This market is range bound for some more time to come, 6150 to 6350 and for new highs to be seen we need a deeper correction.The trigger for this may come from external sources, it could be Dow cracking followed by the Chinese and other Asian market or is it internal triggers, we need to wait and see.But time is getting closer for the bull run to be over and markets over run by the bears.