This expiry on 30th May 2013 has very crucial point for Nifty.
If it close above 6170 then the chances of nifty to be touch at 6300- and then it will touch new high of 6700-6900.
As today there is some buying seen in NIFTY June future ( due to short covering and fresh buying) there is no need to panic for Nifty long traders, it will easily touch new Life time high .
But this is only for positional traders . You can stay long and roll over every month for the target mentioned of 6700-6900.
And also as all Indices of world have touched life time high Nifty is witnessed to touch its new high.
So during small correction there is no need to panic and stay in long position.
If it close above 6170 then the chances of nifty to be touch at 6300- and then it will touch new high of 6700-6900.
As today there is some buying seen in NIFTY June future ( due to short covering and fresh buying) there is no need to panic for Nifty long traders, it will easily touch new Life time high .
But this is only for positional traders . You can stay long and roll over every month for the target mentioned of 6700-6900.
And also as all Indices of world have touched life time high Nifty is witnessed to touch its new high.
So during small correction there is no need to panic and stay in long position.
Get Tomorrow Thursday 30/05/2013 Indian Share Market Nifty SENSEX Equity Intraday Trading Tips, Today Market Closing updates, Gainers/Losers Just Click on Tomorrow Equity Tips and Free Stock Market Tips
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