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Monday, November 8, 2010

Current Trading Strategy on NIFTY Spot @ 6312.45 on 05 Nov 2010

Market is showing that it will make new levels but some volatility will be there but not looking below 6100 by this expiry.
















































This is 5 days movement of NIFTY Spot from 29 Oct to 05 Nov 2010
It's clearly indicates that NIFTY is not looking below 6100 by this expiry.

So, current Trading Strategy will be,


Short NIFTY 6100 Call @ Rs. 253 to 270 (according to risk Level) with the stop loss of Rs. 315.


Notice:- This trading call is expiry point of view not intraday point of view.
Posted by NIFTY ANALYSIS at 9:06 AM

2 comments:

  1. AnonymousNovember 8, 2010 at 10:18 AM

    Please keep in mind that India is a very religiously volatile market when it comes to gold and purchasing. My instinct says till the Chhatt, the markets are going to soar high, beyond which, I can clearly see a dip in nifty again back to early 6k's. Also Mr. Barack Obama's visit and commitment to continue the Capitalistic approach, allowing Indian Investments in America, I would request you to please keep DOW and NIFTY in close cross monitoring coming Christmas season.

    Good Going Saurabh. I second your quote.

    Be well.

    ReplyDelete
  2. NIFTY ANALYSISNovember 8, 2010 at 2:03 PM

    Thanks for your valuable comment. I will keep eye on points that you have suggested.

    ReplyDelete

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