Options
Nifty Daily View Since the last five days, the market is moving upward. On Tuesday, Nifty closed at 10480, which is 100 points away from the major hurdle of 10590. During the year 2019 whenever, the market has fallen it got arrested between the levels of 10600 and 10500. As per the theory of Fibonacci retracements, the ratio of 61.80 acts major support or resistance for stocks or indices. At 10550, Nifty will approach to 61.80 levels (as per Fibonacci retracements) and to the earlier major support that would act as major barrier. Between these levels, the Nifty may pause. May consolidate. Traders should be cautious between the levels of 10500 and 10600. We should not be in a hurry to re-enter into the market if it corrects from higher levels. Buying is advisable only on deep declines.For Nifty support exists at 10400 and at 10330. Bank Nifty is also approaching to the major resistance level of 22500/22600. In the short term, we should be careful while adding long positions. For Bank Nifty support exists at 22000 and 21800.
Options
Form debit calendar spread in nifty 10200 strike call and put . Example buy august 10200 ce , 10200 pe one lot each and sell 10200 ce and 10200 pe each one lot . margin 45000, cash needed 15000 expected profit 15000 and loss 4500 hold 10 to 12 trading days . Note buy sell spread must not be above 112
Options
On Monday, with the support of positive US futures our markets opened higher and managed to close higher. Nifty and Bank Nifty both have changed the trading range by crossing the levels of 10330 and 21810 respectively. The new trading range could be between 10150 and 10550 for the Nifty. For the Bank Nifty, it could be 21500 and 23000. Bank Nifty should outperform Nifty in the next upward movement. Nifty has formed a doji star formation at the top of the current rally. A doji formation conveys a sense of indecision or tug-of-war between buyers and sellers. Neither bulls nor bears were able to gain control and a turning point could be developing. Buying should be done in the market either on dips or only if it crosses the level of 10410. Supports exists at 10250 and 10150. For bank Nifty 21400 and 21100. The world markets would be influential for our market.
Options
Try one of the spread trade : buy nifty 9500 ce july 1 lot 670 , sell 10000 ce july 1 lot 360 spread (310 debit), sell 9500 ce Aug 1 lot 757, buy 10000 ce aug at 458 spread ( 299 credit ). Now between debit and credit spread is Rs10 debit…. This strategy will give profit 40 points above 10150 or below 9700. margin 45000
Options
BUY TECHM @ 541.05 SL 527 TGT 560,568 5 days time frame
BUY TECHM @ 541.05 SL 527 TGT 560,568 5 days time frame