Wednesday, July 17, 2019

NIFTY VIEW & OPTION CALL PUT TIPS FOR 18 JUL 2019

NTPC 130 CALL ACHIEVED TARGET
 NTPC 130 CALL  ACHIEVED 1ST TGT 3 @ BUY GIVEN @ 1.8  PROFIT OF 5760 
TO GET SUCH CALLS LIVE FILL UP THE FORM GIVEN HERE  
Fresh trade war concerns between the Unites States and China kept the markets jittery. Markets ended Wednesday's choppy trading session with gains. Market continued to gain for third consecutive session with the Nifty reclaiming 11700 level intraday. Corporate earnings kept indices volatile with buying being witnessed in selected PSU and IT scrips. The Sensex added 85 points to settle at 39216 levels with State Bank of India, Tech Mahindra, HCL tech and IndusInd Bank being top gainers. On the contrary, YES Bank, Maruti, ONGC and NTPC were at the lower end of the spectrum.
The index formed a bullish candle on the daily scale and needs to hold above 11700 to extend gains towards 11750, and then 11,800-11850 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11650 and then 11600 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 11550. 
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Resistance: 11750, 11850
Support: 11650, 11550

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