Nifty future continued its uptrend even after the financial budget was announced on 16 March 2012, traders will be looking for buying opportunity on nifty future or nifty call options is large quantities. Another trading option can be to write nifty put option and then keep holding it till F&O expiry. For next week medium risk trade can be to short nifty put option or buy nifty out of money call options. We see upside still open for next week as RBI will lower interest rates, at least 200 points move is possible in nifty future. Also nifty future has see addition of 1.3 million shares in its open interest. On charts there is no resistance for nifty future until it bounces 200 points. May be on next Monday we will see consolidation that would be right time for executing this strategy. If you wish to learn technical analysis online, for more information call us on +91-9970777789, Topics and trading strategy explained on live charts.
About Bhaveek PatelBhaveek 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.
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