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.
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.
Bhaveek Patel says
Thank you sir we really appreciate you comment, The 5995 level is for spot nifty. Sir we have given stop loss for nifty spot because it is last support level.