Broader markets saw strong downtrend, Nifty breaking below its support zone and has already approached its strong support of 5750 level 50 DMA on 4 hour chart. We are sure that nifty will not break above 5890 level. So it is good opportunity to accumulate Nifty 5800 put for december series around 84. A strong downward momentum is expected once nifty future touches 5890 level. Buy Nifty 5800 put ... [Continue Reading]

After 4 days of gaining streak, we see profit booking is likely may be today, So Buy Nifty 6000 put near 97 for targets 119 and 138. Keep stoploss: near 81 level or exit this put option if Nifty futures trade above 6042 level. ... [Continue Reading]

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 ... [Continue Reading]

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 ... [Continue Reading]

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. ... [Continue Reading]