Broader markets saw very negative trend, Nifty breaking below its support zone and has already approched its strong support of 5728 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 december series on every dip, around 89. A strong upward momentum is expected once nifty future touches 5728 level.
Buy Nifty 5800 Call near 89 for targets 148 and 178. Keep stoploss: near 65 level or exit this call if Nifty futures trade below 5702 level.
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