26 June 2014


Market was very volatile today, 26 June 2014, as traders rolled over positions in the futures & options segment from the near month June 2014 series to July 2014 series. The June 2014 contracts expired today, 26 June 2014.nifty future opened at 7568 made a high of 7570 and low of 7487 and close at 7492 .total 83 points was moved by nifty future. Oil and gas stocks led decline on the bourses after the government's decision to defer revision in gas prices by three months, at closing time nifty hit there week closing low. The index will have some good movment  for tomorrow due to beginning of July series. The bullishness is still intact since it has not fallen much either. The levels mentioned yesterday, can again be useful barring minor changes. Start of nifty future will be with the level of 7610 would be the key resistance level of the way up and so long as the Nifty does not fall below 7560 through 7545 support area, any dip would be taken as a buying opportunity.

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RESISTANCE: 7520 7550, 7580
SUPPORT: 7590, 7460, 7430 

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