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Sunday, 24 May 2015

Nifty forecast for the expiry week of May 2015 series 25 May 2015 - 28 May 2015


Now we are entering the expiry week of May 2015 series.

Markets witnessed selling pressure in the first half, then experiencing buying in the second half of this series.

Wave structure is confusing giving 9100 and 7700 as the targets.

For the expiry week, we are expecting Nifty to remain in the range of 8500 - 8400 throughout the week with expiry target coming at around 8440.

Advice would be to sell any false break above 8500 and buy any dip below 8400.

Trade only in 8450 CE/PE May 2015 series.

Anjum S Khan