Learn Derivative Trading

Weekly view of Nifty starting 12th May 2014
As for the market, it has already factored in a Modi led government. So till Thursday on may enter long at dips as the charts and derivative data suggests upside movement. However Friday is the crucial day to watch out for.
1. In case NDA does not perform as expected a strong sell off may come. This option is unlikely.
2. In case NDA gets past the magic figure of 272 but falls short of 285-290, market may open gap up. A profit taking may come up thereafter. This scenario may not be ruled out.
3. If NDA manages around 300 to 310 there is a possibility that the gap up might be huge. However even in this scenario, profit taking is likely. This is the most likely scenario.
4. NDA managing anything above 310 may make the market euphoric and one can even expect circuit filter on upside. Is it possible? Well we are neither poll pundits nor astrologers. Hence would like to keep our mouth shut.

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Institution Of Capital Market Analysis In our previous week’s newsletter we had anticipated an upside move. The market kept us guessing till the last trading day of the week. On Friday it closed at the highest level and that too it tested our resistance level of 6870 before closing at 6858. The gain for the day was of 198 points. On week…