Buy Nifty 6000 Call Above 121 for November Series

On Friday (12-11-2010), we saw nifty breaching just above its 50 DMA (Strong support level) of 6020. We are again expecting a bounce from our current levels, considering a limited downside. A breakout is expected towards 6200 as target levels.

Our Analysis: Buy Nifty 6000 Call above 121 for Targets 190 / 222. Keep stoploss: Exit call if Nifty trades below 5995 levels.

About Bhaveek Patel

Bhaveek Patel is a technical analyst and investor, his areas of interest includes stock market, forex, gold.

Comments

  1. Baji says

    Bhaveek,
    Correct Analysis for 15.10.10 trading. Please mention correctly which either spot nifty or future nifty trade below 5995. Very good analysis. Keep it up. Also always give stoploss in option in premium value not in nifty level.
    Regards,
    Baji

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