Nifty futures is now bullish for near term and we may see buying coming above 5577 levels in nifty futures. We have been looking for buying opportunities as long as the nifty futures sustains above the 5577 level on closing basis, so traders can take buy positions in Nifty 5600 call options near 65 level for targets as 78 and 87 level, also placing the stop loss below 55 level on closing basis only. This position is completely based on technical view on nifty futures. Looking at the current scenario we see that there should be some bounce in Nifty futures after it touches 5577 level. Just wait and watch for those levels
Nifty Options Recommendation: Buy Nifty 5600 call near 65 for targets 78 and 87 levels. Keep stoploss near 55 level or exit this call option if Nifty futures seems to trade/close below 5560 level.