Nifty futures didn't managed to close above 5888 even the volumes were suggesting fresh short buildup (78.6% retracement level of 4-1-2011 High to 11-2-2011 Low) mark yesterday. This may result in some profit booking, pulling nifty towards 5802 and then 5775 levels. As nifty is now consolidating between 5900 and 5775 level, we expect nifty to once again face resistance near 5900 level, hence ... [Continue Reading]
Buy Nifty 5900 put Option Near 86 for April Series
Nifty futures didn't managed to close above 5958 (78.6% retracement level of 4-1-2011 High to 11-2-2011 Low) mark yesterday. This may result in some profit booking, bringing nifty towards 5800 and then 5755 levels. As nifty is now consolidating before up move, we expect strong selling will pull the broader markets to lower level soon, targeting the 5755 zone. So seeing this as a good selling ... [Continue Reading]