Wednesday, June 23, 2010

view for 24th June

Today is the last day of FNO Expiry and there is every likelihood of Nifty closing above 5350 or even 5400 on expiry. Nifty is currently trading at 5340 and should find good suport around 5320 on downside and can easily go to 5370 on upside beyond which it has stiff resistance but being an expiry day, short covering can take it anywhere.

My range for the day is 5320-5420 with Reality stocks kooking good for gains.

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