On Expiry day both indexes gave up all the gains despite strong global cues. For the first time we could witness a doji closing. The reason for down trend is profit booking in the mid of the year. This is a meaningful correction which is due and may stretch for quite some time.
Nifty Intra day Support 9482/72/56/19. Resistance 9514/24/40/90.
Bank Nifty Intra day Support 23109/066/22994/22579. Resistance 23252/295/367/513
Buy 22500 PE JULY Expiry at 53.05, with Stop Loss 34.00 for big gains.
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