Nifty futures didn't managed to close above 5958 (78.6% retracement level of 4-1-2011 High to 11-2-2011 Low) mark yesterday. This may result in some profit booking, bringing nifty towards 5800 and then 5755 levels. As nifty is now consolidating before up move, we expect strong selling will pull the broader markets to lower level soon, targeting the 5755 zone. So seeing this as a good selling ... [Continue Reading]
Buy Nifty 5600 Call Option Near 48 for March Series
Nifty futures finally managed to close above resistance 5555 (200 DMA on 4 Hour chart) mark yesterday. This may result in bounce towards 5600 and then 5655 levels. As nifty is now firmly trading above 5555 level we expect strong buying will support the broader markets to recover and now we will be buying at every dip, targeting the 5650 zone. So seeing this as a good buying opportunity we ... [Continue Reading]
Buy Nifty 5500 put Option Near 52 for March Series
Broader markets saw huge consolidation for last 2 weeks, but Nifty seems to be capped by the strong resistance near 5555 (50 DMA on 4 Hr chart) . As nifty is still trading below 5555 level we expect the selling pressure to pull back the broader markets down on every up move, targeting the 5350 zone. So seeing this as a good selling opportunity we recommend to go long on nifty 5500 put near 52 ... [Continue Reading]
Buy Nifty 5500 put Option Near 49 for February Series
Broader markets saw huge consolidation for last 4 trading sessions, but Nifty seems to be capped by the strong resistance at 5512 (50 DMA on 4 Hr. chart) . As nifty is still trading below 5512 level we expect the selling pressure to pull markets down on every up move, targeting the 5400 zone. So seeing this as a good opportunity we recommend to go long on nifty 5500 put near 49 level for target of ... [Continue Reading]
Buy Nifty 5800 Call Option Near 98 for January Series
Broader markets saw strong downtrend for last 5 trading sessions, but Nifty taking support at 5744 (low of November 2010). As nifty is trading above 5744 level we expect the relief rally in nifty targeting the 5950 level zone. So seeing this as an opportunity we recommend to go long on nifty 5800 call near 98 level for target of 157 and 183. A strong upward momentum is expected once nifty future ... [Continue Reading]