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Nifty Options Trading for 18 July 2011, Buy Nifty 5600 Call Near 65: Target 87

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Nifty futures is now bullish for near term and we may see buying coming above 5577 levels in nifty futures. We have been looking for buying opportunities as long as the nifty futures sustains above the 5577 level on closing basis, so traders can take buy positions in Nifty 5600 call options near 65 level for targets as 78 and 87 level, also placing the stop loss below 55 level on closing basis only. This position is completely based on technical view on nifty futures. Looking at the current scenario we see that there should be some bounce in Nifty futures after it touches 5577 level. Just wait and watch for those levels

Nifty Options Recommendation: Buy Nifty 5600 call near 65 for targets 78 and 87 levels. Keep stoploss near 55 level or exit this call option if Nifty futures seems to trade/close below 5560 level.

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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.

Comments

  1. harish says

    i also want to know about paid services..

    Reply

  2. harish says

    excellent technical analysis, i had bought nifty 5600 call 1000 qty at 68 and sold at 86. nice profit from you nifty 5600 call

    Reply

    • Bhaveek Patel says

      Very nice to hear that you have profited from my trade setup. Keep visiting nifty category for daily views.

      Reply

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