Nifty future has its upside capped at 500 Level for this January series expiry, but even near 4900 level attracting selling pressure in Nifty future and heavy weight stocks like Reliance, Infosys, TCS, Wipro, etc. Taking the advantage of this selling pressure we would advise traders to Buy Nifty 4900 put options near 104 level for positional targets as 150 and then 185 levels, Also exit this position if nifty future trades above 5000 level. The open interest in Nifty future also increased by 6% this indicates short positions were added in nifty future today. Also 4900 zone has previously acted as strong resistance and even today nifty future was facing hurdles to move towards it. Major news that were released today was the IIP numbers and indicated that core industries saw growth, another event was the Quarterly result of Software giant Infosys, Infosys numbers were inline to the estimates however the stock was trading lower by 6.5%. Reliance industries was major dragger in Nifty. Traders must stay cautious as near term market may turn volatile as short term trends need some consolidation may be 1 or 2 sessions. In this period of consolidation traders must watch the open interest in nifty futures and nifty 5000 call option and nifty 4900 call option. Trading idea discussed here is based on Technical analysis, If you want to learn this call us on +91-99 70 77 77 89.
Free Nifty options analysis: Buy Nifty 4900 put option near 104 level for targets of 155 and 180 level, Stop loss must be placed near 80 level.
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Sir i profited from IGL future that you recommended, moreover I will buy nifty 4900 put tomorrow.
How will market open tomorrow?? Any stock option recommendation from your side??
Sir, we expect nifty to open flat with negative bias. We have not found trade setups on stocks for trading stock options, if we see one surely we will publish it here.
Regards,
OurNifty.com Support Team.
Sir, nifty 4900 put stop loss hit. What should I do hold or exit, give suitable reply.
You may hold nifty 4900 put options and average it if possible we see upside is limited to 4930 level. We may see nifty approaching 4800 very soon, so profits can be booked then.
Regards,
OurNifty.com Support Team.
This is after long time that your nifty options tips has hit stop loss. Any ways its also part of trading safe, still waiting for your nifty options call hope you will publish soon.:)
Regards,
Charles Nicholas
Charles you are right, even I am following nifty futures and options. If you analyze calls of last 3 months you will find 100% accuracy, this is extraordinary thing in itself. Moreover these guys (OurNifty.com) are sharing this all for free. You can just say wow!!
Thanks Charles, yes stop loss got hit but we are still looking to re-enter at better price, as we see nifty will attract selling in coming sessions.
Regards,
Bhaveek Patel
I buy 100 quantity nifty 4900 put option @ 109 now it is down @ 89.
20 points loss your tips are waste. Now tell how to exit in profit.
Hi Arjun, we think this is your first time trading nifty options. We believe you are not at all comfortable with the volatility in price actions, you may average this put option. We see nifty future to correct next week.
Regards,
OurNifty.com Support Team.
I missed this put option can I buy it on next week Monday? Price of 4900 put went below your stop level, is this position still valid?
Thanks,
G.M. Vasanth
Sir, Trade is still valid as we see nifty future to add large short positions on technical note, So you can re-enter the put option, we would suggest to buy nifty 5000 put options instead of 4900 strike put. Targets will be shared here with comments.
Regards,
OurNifty.com Support Team.
That person complaining here is not a trader, If he would be a trader then he would never complain of unsuccessful trade rather he would learn from his trading mistake. Bhaveek bhai I am highly satisfied with your trading analysis on nifty futures and short term stocks.
Taresh, I think he is newbie to options trading, anyways thanks for your appreciation. Keep visiting for more free trading analysis on nifty future and stocks.
Regards,
Bhaveek Patel