Nifty Outlook for July Series

By | June 25, 2015

FII

  • Nifty had a volatile June Series High made in the series was 8467 and low was 7940 and closed at 8398. So we had a move of 527 points but comparing from May Expiry which happened at 8317 we just moved 81 points. So expect July Series to see some range expansion   Greece, Creditors Fail To Reach Early Deal
  • This is what we discussed in yesterday analysis   Nifty even after the pullback formation of Higher High and Higher low stays as 8334 low was not broken yesterday. So if 8326 range not broken today we can close at the high point of the expiry. Low made was 8329 and we made high 8423 near expiry range. Till we do not see pullback  of more than 83 points uptrend continues. Crossing gann 3×1 angle can see rally extending further 8470/8600 odd levels. Strong support at 8250 odd levels. Market might consolidate in range of 8470-8250 before making the next move.

Nifty Gunner

NIFTY - Pyrapoint

nifty hourly

 

  • Nifty July Future Open Interest Volume is at 1.38 core with addition of 48.4 Lakh, with increase in CoC suggesting longs have entered system today.NF Rollover is at 59% with average rate @ 8358.
  • Total Future & Option trading volume was   at 5.19  core with total contract traded at 4.4  lakh. PCR @1.12.
  • FII’s bought 280  cores in Equity and DII’s sold 8  cores in cash segment.INR closed at 63.51

 

Buy above 8405 Tgt 8437,8470 and 8500 (Nifty Spot Levels)

Sell below 8380 Tgt 8350,8330 and 8290 (Nifty Spot Levels)


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14 thoughts on “Nifty Outlook for July Series

  1. Ramesh

    8360 is the critical level now. If nifty manages above that level in the first hour on Monday then 8480 is confirmed. If it breaches 8360 then next stop will be 8280 as it’s most likely to breach 8340 /8320 also this time.

  2. saravanan

    the way mkt moving 8470 deciding level if it cross 8600-8700 possible tgt
    otherwise 8470 top then mkt can see sharp fall

  3. Mir

    Trend changing level positional and intraday are same is it correct

  4. karthik sadasivam

    Good Analytics…cant stop appreciating your efforts..thanks Bramesh ji.

  5. H BASAVARAJ

    very nice analysis of jun series expiry can I plz know todays fii data plz
    Thank you

  6. Praveen

    Intraday and positional traend decider lvl for both NF and BNF are same? Please check sir

  7. dipak

    @RAJVEER don’t THINK 8000 now. we are above 200 DMA after double bottom near 7940 to 7999. just look 8500 as resistance. people Last time thinking market will go 7200. what happened. trade with trend

  8. pujan

    8467.05 is next magic big trend decider quote..

    8467 is june highest level.

    Cross over the same 8500-8600 door will be open..

    Great deals behmesh sir.

    Lets prey for greece & all..

  9. Richard

    Don’t ever pick the top or the bottom : Wait till it forms and then react: Don’t predict.

  10. rajveer

    Thanks again for the great work. I think it will be tough for the market to cross 8500. The 20 WMA is right there and the market is getting overbought. The rounding bottom in the Vix also should kick in. We could head back to 8000 after we get near 8500 is my guess.

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