Market View for Monday 25th May

Next week is Expiry week .

Markets have made spectacular moves this month after elections result and looks extremely overbought and bullish both . What does that mean ?

I am not saying markets may not go up more , there is no limit of insanity and emotional buying . But understand that this is the time to be extremely cautious . If you buy emotionally and put a big chunk and then market reverses back telling you that this was just a big rally in bear market . Your money will be stuck and you may take big losses .

Markets are consolidating and it resting before moving forward . Be patient and wait for the right opportunity to buy . This is from long term investing point of view . If you are short term trader with 1-2 days of time frame , what i just talked about may not be relevent for you .

Trade lightly this week because of expiry .

Pivot Levels for Monday 25th May

R2 4,308
R1 4,273
Pivot 4,215
S1 4,180
S2 4,121

Strategy for Monday

- Buy if markets open above Pivot levels .
- If markets open below pivot BUY only only when it reached support levels of 4160 .
- Better not to short now as it has already been in red for some days in this strong upmove .


- Have logical Stop losses .
- Control your losses .
- Dont prematurely book your profits thinking that you will loose what has already come to you .