A flat day

Even after a 5% slide from Reliance, our markets was able to hold their gains. It was midcap sector outperformed the day and prevented a possible slide. Now Bulls turned defensive mode, if fails at some point then the attack from the Bears will be very heavy. so cautious advised.

Option traders can close their july contract today and then can enter in to next month contract. Coz rollovers are very less, so the premium will be reduced drastically.Up move in Nifty is possible only if crosses 4638.

Levels for the day:

4524 - 4558 - 4574 - 4599 - 4607 - 4618 - 4638 - 4666