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Wednesday, 15 January 2014

Nifty January 2014 series analysis - 15 January 2014

Hi,

Today Nifty zoomed further 79 points after yesterday's pause.
Yesterday was inside day after day before yesterday's sharp 100+ closing. Inside days are mostly continuation patterns. 

Today 6400 Puts saw further writing after yesterday's writing. Big writing of 6200 and 6300 puts are adding fuel to upside. 6400 PE already indicating 6415 coming soon.

January 2014 series is likely to expire between 6300 - 6400 according to current build ups.

Nifty after scaling highs is likely to trade sideways for the rest of the series.

Make sure you trade in narrow range.

See your tomorrow !

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
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