NIFTY is at major support zone. ie 7430-7400. If it is broken stiff fall is possible. NIFTY could touch 7000!
FIIs are selling in huge, DIIs are buying though! FIIs are selling continuously for last more than one and half month.
http://craytheon.com/charts/fii_dii_nse_bse_trading_chart_graph.php#
Bank NIFTY is more vulnerable than NIFTY.
INFY:
CMP: 1143
Buy above 1163 (in future) and buy PUT of strike price 1160 around 15-16.
Reasons:
RSI breakout in daily chart. Long term trend-line support is around 1200.
IVs of CALLs are more than PUT IVs.
Therefore target = 1200/-
Bank NIFTY:
CMP: 15206
Sell Future at market price and buy CALL around market price.
For example Sell Future at CMP and Buy call of strike price 15200 at around 280/-
Notice fresh breakdown in RSI
As per OI table if 15000 is broken then next stop will be only around 14500.
PCR is 0.69 and still some downside potential.
Target 14325
Disclaimer: This blog does not take any responsibility of your profit/loss.
FIIs are selling in huge, DIIs are buying though! FIIs are selling continuously for last more than one and half month.
http://craytheon.com/charts/fii_dii_nse_bse_trading_chart_graph.php#
Bank NIFTY is more vulnerable than NIFTY.
INFY:
CMP: 1143
Buy above 1163 (in future) and buy PUT of strike price 1160 around 15-16.
Reasons:
RSI breakout in daily chart. Long term trend-line support is around 1200.
IVs of CALLs are more than PUT IVs.
Therefore target = 1200/-
Bank NIFTY:
CMP: 15206
Sell Future at market price and buy CALL around market price.
For example Sell Future at CMP and Buy call of strike price 15200 at around 280/-
Notice fresh breakdown in RSI
As per OI table if 15000 is broken then next stop will be only around 14500.
PCR is 0.69 and still some downside potential.
Target 14325
Disclaimer: This blog does not take any responsibility of your profit/loss.
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