NIFTY VEIW

AS ON May 30, 2016 1:51PM

DATA OF OPEN INTREST IN NIFTY CALL-PUT .HUGE POSITION BUILD UP @8000 STRIKE PRICE IN PUT(APPROX. 51LAKH O.I.)  BUT ON THE OTHER HAND @8200 STRIKE PRICE IN CALL (APPROX. 36 LAKHS O.I.).

ON TECHNICAL BASIS AFTER THE HIGH MADE BY NIFTY OF 9189 & A LOW OF 6829 IN LAST 2-3 YEARS, IF WE CALCULATE ON RETRACEMENT BASIS THE 50% LEVEL @8009 & 61% LEVEL @8288.

ALSO, ON THE OTHER HAND 8070 & 7890 IS ACTING AS A STRONG BRICKS OF THE BUILDING FROM 7800 TO 8300 FLOORS.

BUT  ON THE OTHER HAND THE PUT CALL RATIO IN NIFTY @1.16 & IN BANK NIFTY  @1.35, THAT IS NEAR TO ITS HIGH.

IMPORTANT 3 EVENTS ALSO IN THIS MONTH

      1)       RBI (INTEREST RATE DECISION) – 7 JUNE

      2)      ECB(INTEREST RATE DECISION) – 2 JUNE
3)      FED (INTEREST RATE DECISION)- 15 JUNE

BEAWARE TRADERS, THIS STROAM WILL BE LOOKING DANGEROUS, SO PACK YOUR ALL THE BIG POSITION & MAKE SOME  SMALL POSTION. BUT ALL WITH STOP LOSS.