NIFTY INTRADAY:- 30TH MAY,2013
30 TH May, 2013 is the expiry for Nifty futures May series. Our forecast is that Nifty would expire in the range of 6055 and 6130.
Anything beyond this range will give trading opportunities on the sell and buy sides. The real facts to watch is rollovers, specially how many shorts rollover to June series. Short covering can easily give us a green day on Nifty chart.
Intraday traders will be best served by keeping away from Intraday trading on the expiry day tomorrow. let the FIIs and DIIs play their games.
To many “SELL IN MAY” followers it proved a disappointing month. As far as we intraday traders are concerned it was a good month due to volatility and daily range being on higher side. Let’s see what Nifty futures June series have in store for Indian stock Market……