Close look towards the coming market status of nifty - 2014 June onwards.....

Hello ,

Its clearly seen as the market is overbought in this current market status reaching new heights so its high time to pack bags and move for an holiday after winding up positions. But, great days are ahead for option players...        

                            nice time to mint money ....!!!! 

    here is the chart i am posting with some of the important levels.

    In this above chart u can see the levels indicating - S 1, S 2, S 3, S 4, S 5,S 6... these are the high support levels which traders need to be care full of... 

S1 = 7340 the first level which is sure to be broken in another two sessions and then comes the next level, 

S2 = 7263 if this is broken with high volumes then this is the confirmation for the downtrend for the level reaching S 3 = 7118 if the volumes are huge.

S 3 = 7118 is being the major support there are possibility of bounce back also but its conformed only with volumes traded.

 BUY nifty put option for the strike price 7300 ( June contract).

                                                  Thumbs UP !!