End of Day :Namaskar to Master and copy to all (DR Style :-)So the day ended with Sujatha's favorite Cat (on the wall)! and as Master said : Poised critically- up or down, let’s see.So we are simply at :- Whether NS hits JNSAR tomorrow or it scales DHEMA and goes for new highs in May'14.Today being an inside day the open just near previous close could not be held.FII – 202 Cr and DIIs -95 Cr are both sellers in cash today. Correction may not be over yet an we can see Red “2” ?Let’s see…On 5 minutes, a suspected HnS in the making with head made yesterday at 7500 from where the neckline support at 7275 today can give us the height on lower side ? ( Just trying to read the pattern!) (But right shoulder is not very clear so please quash the idea if it doesn’t fit!)Support for tomorrow :7275- 7250- 7207 (Low of 21st may) and below that 7131Resistances : Zone from 7300- 7363 with 7347 -> 7367->7430 -> >Good night !!All the best !!
Namaste Ilango Sir & Blogmates, Neutral: The CE writers for the second day in a row made sure that upside for the series is being capped at 7500 with chances of Expiry below 7300 becoming more of a reality....: Option Analysis for 27-05-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Ilango sir, As per EW labels, now c is progressing. If a=c then c seems to be having target price of 7070 approximately. Do you see that c gets truncated ? What is the probable % of c gets truncated.Anandha