NIFTY HOLDING 7940 AND BOUNCE, SELL ON RISE TILL 8150NS.
SAR:8103NS.
SHORT TERM NIFTY HOLDING ABOVE 7940 CAN SEE BOUNCE TOWARDS 8130 LEVEL.
SUPPORT BELOW 7935 : 7916-7909-7900-7897<7860.
ONE CAN GO LONG POSITIONAL WITH STOP 7895NS FOR TARGET 8129-8149>8275NS.
CONSIDERING FALL FROM 8275 TO 7942 WAVE 1 TO 5 OVER . BELOW 7940 IT CAN FURTHER EXTENDED TILL 7900-7860 LEVEL.
ON FRIDAY WE BOOKED OUR SHORT NEAR 7945NS AND WENT LONG ABOVE 7970 NS & BOOKED PROFIT NEAR 8020NS.
FRESH SHORT NOW ONLY BELOW 7940NS OR NEAR 8150NS FOR TARGET 7916-7900-7860 LEVEL.
RSI SLIGHTLY TURNING UP DUE TO OVERSOLD ZONE
IF NIFTY CLOSED ABOVE 8103NS THEN HOLD LONG POSITION POSITIONALLY.
OPTION:
WE HAVE CLOSED OUT 8200PE TAKEN LONG FROM 87 AND CLEARED @ 210 LEVEL.
GIVEN CALL TO BUY 8300CE JAN @31 IT WENT UPTO 43+ AND BOOKED PART .
HOLD 8300CE WITH STOP 20 FOR TARGET 60-70 FOR NEXT TWO WEEKS.
BUY 7600JAN PE IF NIFTY FAILED TO TRADE ABOVE 7985NS. STOP 8010NS.