OurNifty.com

A Indian Stock Market Blog

Nifty has good support at 4900 zone, Nifty options intraday trade

By Leave a Comment

Today IIP data (Industrial production data) has come out it was much lower than expected so nifty future began to slide in morning session. Due to this news nifty future headed towards 4900 and as I see nifty options open interest, I found in nifty puts maximum open interest was at nifty 4900 put options. This should be near term support as of now, just wait and watch lets see if this level is not broken then we may see bounce back in nifty future towards 4955 level in intraday trade.

 

Intraday nifty option trading idea:

 

So trading idea would be look for buying opportunity in nifty future around 4905 for intraday target as 4955, stop loss will be at 4885 level. High risk traders can even take long positions on nifty 5000 call options around 63 for target as 78 in today’s session. Moreover it is not recommended to carry position to next trading session. Now learn technical analysis as per your time and place, call +91-9970777789 for further information.

Share
Tweet
Pin
2 Shares

You Should Read This:

  1. Why in the Money Nifty Options Better to Trade in Expiry Week In the money style nifty options are best when expiry is near, simple reason behind this is Nifty options has the premium for time (days left for expiry). When the expiry comes near this premium...
  2. Long Nifty 4900 Put Options, Nifty Futures Added Fresh Short Positions in OI Here is another nifty options trading idea, buy nifty 4900 put options near 89 level for targets as 139 and then 149 level. Exit strategy will be, if nifty future close above 4900 level then...
  3. Intraday trade: Buy Nifty Future May Series, Fibonacci Support Zone Nifty future has just breached the 4955 level, this level is very special because on daily chart its 61.8% level for 20-12-2011 low to 31-2-2012 high. Also 23.6% retracement of 7-11-2010 high to 20-12-2011 low is...
  4. Nifty Options Trading Stratregy, How to Trade EU Summit News Events Using Options, Buy Nifty 4800 Put and Nifty 5000 call There is lots of speculation in markets about the plans that will come out of the EU summit, most of the traders chose not to trade till there is any clear outlook from meeting. We...
  5. Nifty Options Stratregy for November Series, Buy Nifty 4900 Put and Nifty 5300 Call The Europe is facing a tough time now, the meeting between the finance ministers of European region is to be held on Wednesday. This meeting will be based on the fact how to address the...
About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post:
Next Post: