Watching the weekly chart of nifty future I came up with a conclusion that nifty future is in up trend for medium term. Every pullback or correction that we see must be solid trading opportunity for going long (Buying) on nifty future. Traders can take the help of indicators like slow stochastic to enter the trades, i.e time their long entries on nifty future.
Here is daily chart of Nifty:
Above is daily chart and as you can see the bottom formed here is higher bottom than previous bottom. So I think this can be a beginning of up trend and I believe nifty is buying opportunity on every dips remember every correction that comes is a Gift. As of now nifty has resistance at 5200 level and breaking above it and giving a close, then nifty will have next target as 5330 level. On daily chart 100 EMA is also at 5200 zone, so it would not be easy task for nifty to break above 5200 level. Nifty options strategy will be to write (short sell) 5000 put option for July series and hold it till expiry.
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