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Buy Nifty 5800 Call Near 80 for November Series

By Bhaveek Patel Leave a Comment

Today, we saw nifty breaking below its support zone and is likely to approach its next support of 5742 level. 50 DMA on 4 hour chart. We are sure that nifty will not break below that level. So it is good opportunity to accumulate Nifty 5800 call for November series on every dip, around 75. A strong upward momentum is expected once nifty future touches 5742 level.

So Buy Nifty 5800 Call near 80 for targets 130 and 165. Keep stoploss: near 65 level or exit this call if Nifty trades below 5700 level.

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    Category: Nifty Option Tags: nifty/ Nifty Analysis/ Nifty Options

    About Bhaveek Patel

    Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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