16 April 2018

NIFTY & BANKNIFTY FUTURE & OPTION TIPS FOR 17 APRIL 2018

"BUY 1 LOT DCB BANK 200 CALL @ 1.5 & 1 LOT DCB BANK 180 PUT @ 1.10"

Week has started on a negative note as nifty opened gap down at 10441 but managed to close in the positive by climbing some 55 points to close at 10545 following a slew of positive economic data that revived overall investors’ sentiment despite mixed global cues.Banknifty future opened at 25098 made a  high of 25347 and low of 25050 and finally closed at 25330.
It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance for nifty would be seen at 10600-10650 and a sustainable move beyond this would extend this rally. On the flip-side, 10400-10350 are likely to act as strong support levels unless this zone is violated decisively, the bulls need not worry.
More about intraday tips on Google +
Resistance: 10600, 10650, 10700
Support: 10400, 10350, 10300

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