NSE Defty index (Dollar weighted index for NSE Nifty, so here nifty is moving lower as well as INR (Indian Rupee) is moving lower hence the portfolios of foreign investors (FII) are suffering much loss then Indian investors, as most of the foreign players use NSE Defty as their benchmark index for performance. Today I am seeing that NSE Defty has been near its support zone of 2960-2980 I am ... [Continue Reading]
Shall I Buy Nifty 4800 Call Options, Nifty Trading Higher Today
Nifty future is trading higher by about 100 points and we believe this up move will continue till nifty reaches a resistance level, So it would be better if we trade nifty options. Hence buy nifty 4800 call options for short term near 49 level for target price of 90 and then 130 levels, Looking at charts we see nifty future has more room for up move. Stop loss for this trade should be just under ... [Continue Reading]
Nifty Futures Trading Negative Short Covering to come soon, Buy Nifty 4800 Call Option for August Series for Intraday Target 156
Nifty futures is trading negative today but, as we have said we see strong support near 4844 level and it was tested today so we are bullish for intraday trading view and hence we will be looking for buying opportunity in nifty futures and also in nifty 4800 call options. We recommend to trade long , buy Nifty 4800 call options near 123 for intraday target of 154 level in today's trade. The trend ... [Continue Reading]
