24 April 2017

STRADDLE STRATEGY FOR EXPIRY APRIL 2017


BUY 1 LOT NIFTY 9200 CALL @ 50 AND
1 LOT NIFTY 9200 PUT @ 30
KEEP READING FOR FURTHER UPDATES...... 
Bulls are back in action..!!!  Market rallied sharply on first day of the week as the Sensex gained 291 points at 29655, & The Nifty regained the zone mark for the first time since April 12, up 98 points percent at 9217 supported by HDFC Bank, HDFC, Reliance Industries and L&T. The sensex has biggest single-session gain in nearly 6 weeks, to end at a two-week high of 29656 ahead of RIL quarterly results, coupled with positive global cues.
Primary resistance would now be at 9235-9255 zone. If the uptrend persists, short-term targets will be in the 9275 zone. Obviously every trend following system would recommend staying long. In technical terms, all trends (short/ medium-term and long-term) seem strongly bullish despite the probability of a further short-term correction on profit-booking.
More about intraday tips on Google +
Resistance: 9235, 9365, 9295
Support: 9175, 9145, 9120

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