Today NIFTY set the tone for expiry. It opened positive and with time it moved higher to trade over all important psychological level of 5900.
During this correction NIFTY did not close below 5800 which is a very positive sign itself; and today's movement may prove decisive in favour of bulls if it trades over 5930. Bears will gain some ground only below 5870. So, tomorrow every dip is good buying opportunity. Volatility is expected due to expiry of current series but it seems NIFTY may expire at higher level if 5870 is held.
Wish you happy trading !!
During this correction NIFTY did not close below 5800 which is a very positive sign itself; and today's movement may prove decisive in favour of bulls if it trades over 5930. Bears will gain some ground only below 5870. So, tomorrow every dip is good buying opportunity. Volatility is expected due to expiry of current series but it seems NIFTY may expire at higher level if 5870 is held.
Wish you happy trading !!
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