by Bhaveek Patel
Nifty future was seen trading near 5200 level, on charts this level is very strong support, also bank nifty future was trading at is very strong support of 10000 level. Both of these major indices are suggesting that market will be shooting higher in next few trading session. On weekly charts markets are already in uptrend and fall from 5600 to 5200 is just a correction in bull market now this fall will be used .....
by Bhaveek Patel
Nifty future has its upside capped at 500 Level for this January series expiry, but even near 4900 level attracting selling pressure in Nifty future and heavy weight stocks like Reliance, Infosys, TCS, Wipro, etc. Taking the advantage of this selling pressure we would advise traders to Buy Nifty 4900 put options near 104 level for positional targets as 150 and then 185 levels, Also exit this position if nifty future trades above 5000 level. .....