Thursday, August 4, 2011

July Expiry Update


The july series ended at 5488 levels which started as a gap down from the previous low level of 5522 and on the expiry day it got resisted around the level of 5512 itself.

It was a narrow expiry day in which straddle writers saw profits towards the end of the session.

There was no indication of the expected move towards 5604 levels and for expiry it was also able to break the 5500 barrier and close just below that.


-Happy Trading

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