July Futures Expiry...What to Expect

As per my post for current week Nifty corrected heavily from 5700 and closed @ 5546 today. What can you expect from tomorrow expiry of July Futures contracts -

Nifty is surely under huge pressure and with global sentiment worsening, tomorrow expiry will bring more pain. The session can be expected to be highly volatile. On the higher side expect levels of 5566/5577/5586. Major resistance band is around 5580-5610. Any move close to this level is good to take short positions. On downside expect levels of 5520/5470/5450. Major support area is around 5445-5420. Expect some bounce back here. If 5410 is decisively broken in coming days, expect 5370/5345 to be reached quickly.

Best position recommended for Nifty traders is short @ every rise.