3 February 2012

NIFTY OUTLOOK FOR 6 FEB 2012


MARKET TREND FOR 6 FEB 2012
As we have predicted in our  last posts nifty has maintained the level 5000 and still the uptrend is continued .Bulls are in action will make the index cross the level of 5400 very soon.
The market regained positive terrain after slipping into red for a brief period in opening session .It hit intraday low 5258.55 in its opening session itself. The  market was range bound in afternoon trade but at same moment hit intraday high of 5332.25.Finally index shattered at 5325.67.
Now nifty would open somewhere near 5350 on MONDAY and the next resistance level for it would be 5400.The level of 5200 would prove to be major support for it


.

NIFTY STRANGLE STRATEGY

LEG1: BUY NIFTY 5400 CALL @ 70
LEG2: BUY NIFTY 5000 PUT @ 70
COST =140          
 RISK PER LOT = 7000
RETURN = UNLIMITED
For pay off table visit at  http://optioncallputtradingtips.blogspot.in/


NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5352.55
SUPPORT1
5278.85
RESISTANCE2

5379.25
SUPPORT2
5231.85
RESISTANCE3
5452.95
SUPPORT3
  5158.55   

No comments:

Post a Comment