Wednesday 27 August 2014

Where is the Aug-2014 poised to Expire?

#Nifty #aug #expiry for #options #trading view: Where are markets going to expire. by the look of OI. it seems to be clear that markets will close confidently between the 8000 to 7900 levels. Look for pull back trades from these levels with small stop loss and reversals. Any sustained move outside this level can see a big movement on either side.
The huge build up at 8000 levels suggests its both a resistance a strong breakout level. Expect another level of upmove way till 8300 levels if that level is convincingly broken.
Till that point it provides an exciting opportunity to take low risk contrarian trades with reversal above
Options OI for August Series

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