So the new beginning of the series has started and there is lots of premium to be eaten up if we look at the options data and no wonders the puts have a lot of potentials which can be eaten up and the calls are trading at a dull rate.
Nifty expiry during the jan series has been a history creator yet again and the eclipse and the 21st and 22nd jan bearish moves have proven the impact and once again the history books have been filled by the surprise moves.
Nifty Important Level for the Week – 4890 (Futures)
Nifty Bulls hands above 4798
Nifty bears hands below 4952
Nifty long brake out 5030
Nifty Short Brake out 4721
Nifty Important Level for the session –
4841
Nifty can touch
4882 - 4924 - 4948 - 4973 - 5014
Or
4816 - 4792 - 4750 - 4709 - 4684
Short Brake out 4803
Long Brake out 4948
Bulls above 4839
Pre Market Call
Nifty buy above 4886.65 target 4898 - 4910 - 4921
SL 4863
Nifty Sell below 4863.37 target 4851 - 4840 - 4828
SL - 4886
Markets weak below 4757 target 4734 - 4722 - 4711
SL 4780
All the above information is for the session
Continuously for 5 trading sessions we had seen a fall in the market and for the last 2 days of the session we some some buying at the lower levels, will FEB series be new wonders in the books of stock market and is there a SURPRISE FOR ALL.....
The volumes during the crash and volumes in buying interest have been high, nifty has been consolidating at dips, would there be a NEW HIGH or a new LOW ???
The key to the Lock will be 1st Feb 2010
We would like to wish all the Pirates a very all the BEST.
Regards
Treasure Captain
www.moneybaghunting.blogspot.com
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