Sep 30: Nifty View

MPORTANT: SMS SERVICE WILL BE UNAVAILABLE FOR THE TIME BEING DUE TO BAN ON BULK SMS BY GOI (Click here to Read the News)

Expiry Day and Judgement Day for Ayodhya. Trade light and Trade Safe.

Personally, I do not expect anything special from this expiry. From the options data, an expiry near 6000 nifty levels would keep both the bulls, and the bears happy. In addition, majority traders would like to sit back and digest the News that is going to come out before taking positions. Some long unwinding can come because of this. Any news related movement beyond 5980-5960 and above 6040-6065 on Nifty will show volatile movement due to the high open interest.



For the day, watch the levels of 6000-6005 nifty spot on upside and 5970-5965 on the downside. Break of these levels can easily give 20-25 points either side. Buying near supports and selling at resistances should work for a major part of the day.

Sep 30: Nifty spot resistance at 6005-6020-6035-6065. Support at 5980-5965-5940-5900 - www.niftypower.com

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