Thursday, June 30, 2011

NIFTY OUTLOOK ON 30 JUNE

Nifty has closed above 5600 on Wednesday but not breached a resistance level so far.Today nifty may open above 5600 level ,If nifty will sustain 5600 and closes above these resistance area then nifty will taste 5700 level in next few days.Due to expiry of June series market may more volatile today expiry of June series may be in between 5600 -5650  levels.Option strategy for today buy 5600 CE and  5700 PUT in June series.