Nifty Analysis 16-JUNE-2010
Nifty Future: 5,223.50 High: 5,249.45 Low: 5,211.00
Today was a Volatile Session based on good global outlook and negative TAX CODE news.
Market is showing sign of exhaustion, you can remain long on Nifty as long as Nifty SPOT holds 5200 and Future 5190 for a target of 5280 / 5300 / Higher.
Strategy for 17-JUNE-2010.
1. Buy Nifty Above 5220 / SL 5190 and buy Nifty JUNE 5200 Put 46.40 for a target of 5280 / 5300 in coming 2-3 days. If SL is triggered cover the Put around 5154.
2. Buy Nifty Above 5220 / SL 5165 and sell Nifty JUNE 5300 Call 19.90 for a target of 5280 / 5300 in coming 2-3 days.
Feedback is highly appreciated.
Strategy for 17-JUNE-2010.
ReplyDelete1. Buy Nifty Above 5220 / SL 5190 and buy Nifty JUNE 5200 Put 46.40 for a target of 5280 / 5300 in coming 2-3 days. If SL is triggered cover the Put around 5154.
2. Buy Nifty Above 5220 / SL 5165 and sell Nifty JUNE 5300 Call 19.90 for a target of 5280 / 5300 in coming 2-3 days.
TARGET ACHIVED