We are already aware of new uptrend that started after nifty future closed above 5400 mark; this is support level for current uptrend. Nifty future was facing some resistance around 5630 level, so traders may either short nifty future or buy nifty 5500 put option, put option would be first choice here as expiry is far away. Traders can buy nifty 5500 put option around 65 level for positional ... [Continue Reading]
Trading Nifty Futures level on 13 July 2011 sell below 5568 for target 5528
Nifty futures yesterday didn’t manage to close above its strong resistance level of 5568. So we saw this selling pressure continuing and taking nifty futures to the lower levels of 5518 for intraday trading view. The mood of market participants is looking bearish especially the FII, as they have been selling continuously in equities. Also looking yesterday’s F&O open interest data we see that ... [Continue Reading]
Buy Nifty 5500 put Option Near 66 for May 2011 Series, Target 89
Nifty futures has shown a strong downtrend and we are now extremely bearish as technical and fundamentals both are suggesting to enter short positions in current market. This may result in fresh short buildup at every up move, pulling nifty towards 5400 and then 5275 levels. As nifty is now strongly heading towards southward targeting the 5275 level, we expect nifty to break 5400 levels soon in ... [Continue Reading]