Current Trading Strategy on NIFTY @ 5953

Market is not looking for bearish mode by next expiry. You can take long position in NIFTY from the current levels or you can do covered call means Buy Nifty Fut Oct @ 5950 - 6010. You can buy at any level between given range and Stop loss should be @ 5800 - 5820 + Short NIFTY Call 6300 of oct 2010 expiry @ Rs. 42.40.

Means ,

Covered Call

Buy Nifty Fut Oct @ 5950 - 6010 + Short NIFTY Call 6300 of oct 2010 expiry @ Rs. 42.40.

or,

You can do long combo means

Buy NIFTY Call oct 2010 expiry 6300 @ Rs. 43.55 + Short NIFTY Put oct 2010 expiry 5800 @ Rs. 96.80