Nifty future has today seen a bounce while trading at a major support region. Today, we have seen front-line majors bouncing after the recent sell off, this may be an indication of coming relief rally in next few trading sessions. Nifty future is more likely to head towards the 5740 area i.e its first resistance. The medium term uptrend is likely to resume and very limited downside is seen at this ... [Continue Reading]
Technical Analysis: JP Associates tests trend line support
JP Associates on the daily chart is on the perfect uptrend and as the trend is up we only focus on buying it on every declines. Last 2 trading session has been interesting for the stock as we have seen stock is near to the trend line support and also just near the previous resistance which is now a support for stock. We believe fresh long positions can be initiated from the current level of 95.5 ... [Continue Reading]
Nifty options trading idea for next week, Buy more call options
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 ... [Continue Reading]
Nifty 6100 Call For Intraday on 25-Oct-2010
BUY NIFTY 6100 CALL Above 69 For Target: 81 / 91, StopLoss should be placed at 56. We saw nifty breaking 6143 resistance. So this will take nifty to 6167, hence Buy Nifty 6100 Call option. ... [Continue Reading]
