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]
Nifty Options Trading for 18 July 2011, Buy Nifty 5600 Call Near 65: Target 87
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 ... [Continue Reading]