20 January 2014

What A Day In Nifty Today!!!!

Rocking strangle strategy ,for  RCom  option strangle strategy  update  please VISIT OUR OPTION BLOG
Volatile trading session witnessed by index today, Nifty started below 6300 but soon  marched upward and managed to close above 6300. It made a high of 6303 and a low of 6241 in intraday trade.....

 Thus, in our view, the levels between 6260 and 6290  would act as a strong support zone—unless this range is decisively broken the bulls can still stage a comeback. One thing, though, is not in their favor  the international markets are showing some bit of weakness . Nifty may face a difficulty tor cross 6350 tomorrow. We tend to think that we are in a range bound sideways kind of a market where 6350 and 6150 are acting as boundaries of that range.
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RESISTANCE:6320, 6350,6370

SUPPORT:     6300, 6270,6230

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