Nifty closed @ 5207 last week. Although, there is bearishness in the market, Nifty appears ripe for a smart up move soon. This could turn out to be the start of a fresh rally and these levels close to 5200 may soon be the thing of the past.
Nifty has very strong supports at - 5200/5150/5130. These supports will hold. However in a freak case if these are broken decisively on the down side, we may enter another bear market. The probability of which looks extremely low.
On the upside, the targets for Nifty are - 5250/5280/5300/5390/Higher.
My recommendation - STAY LONG on Futures and BUY Nifty Calls.
Buy Nifty May 5200 Call with a Stop loss of 100 and a target of 250/300/Higher
Nifty has very strong supports at - 5200/5150/5130. These supports will hold. However in a freak case if these are broken decisively on the down side, we may enter another bear market. The probability of which looks extremely low.
On the upside, the targets for Nifty are - 5250/5280/5300/5390/Higher.
My recommendation - STAY LONG on Futures and BUY Nifty Calls.
Buy Nifty May 5200 Call with a Stop loss of 100 and a target of 250/300/Higher
Nifty spot trading @ 5289. Today high 5297 so far. First 2 targets (5250/5280) achieved.
ReplyDelete