NIFTY ABLE TO HOLD 7900 AND BOUNCE 140 POINTS.
SAR:8047NS.
IN PREVIOUS POST MENTIONED IF NIFTY GOES BELOW 7900 AGAIN THEN BEARISH ELSE BOUNCE LIKELY.
WE ENTER LONG @7940 NS AND COVERED @8040 NS MADE 100 POINTS.
NOW RESISTANCE @8056-8061NS IF ABLE TO SUSTAIN ABOVE CAN SEE 8098-8108>8130NS.
BELOW 7940 BEARISH AND WE CAN SEE 7860 TO 7670 LEVEL.
SUPPORT NOW 8008-7980.
IF GAP DOWN OPENING BELOW 7980 SHORT FOR 7700-7670 LEVEL STOP 8010NS.
SO NIFTY IF OPEN FLAT AND HOLD 7980 LEVEL WILL VISIT 8100NS.
IF OPEN ABOVE 8061 GO LONG WITH STOP 8040 FOR 8100+.
OPTION:
MENTIONED YESTERDAY HOLDING 8300JAN CE TODAY ALMOST DOUBLED.
BUY CE WITH STOP 8000NS
BUY PE BELOW 7980NS.