Nifty Option Tips

In the last week Intraday Nifty almost tumbled 466 points after a made a high 5906. Short term market over sold and corrective rally on continue . Pull back rally will face resistance 5619- 5630 thereafter ---5700-5729, thereafter index will gathering momentum. Strong resistance of this week is 5590.. Down side key support 5350-5300 watch out. Break and trade below, further fall in the market. 

TODAY : Intraday Nifty opens positively and showing range bound situation in the market. And close flat too negatively. Because of flat closing there were no changes in support resistance. Now the new support level is 5481-5444. And resistance is 5580-5615-5668. Technically view it is in doji pettern. So we expected for next day market can showing some positivity. Today crucial level 5561 watch out.. Below Bear favour, Above Bull favour. 

Today : BSE Index is open positively and showing some volatile and range bound situation and close flatly because of flat closing there was no changes in support resistance. Now today support watch 18254-18166 and resistance is 18738-18804. Today crucial level 18661. 

Nifty Stock Future Closed : 5555 : Yesterday it was predicted that unable to cross 5590 do not think to buy and break and trade below 5555, target 5530-5500 and it was did it .....On the other if not break first two hrs, some bounce back and made a high 5575 and finally managed to closed at 5555.. 

Now Today we may consider resistance 5590 and support 5524 , break and trade below.... What is the lower target, and higher level crossover 5590......where it will face resistance and in case close above that level, overall short covering and fresh buying can not be ruled out..... For this all level... just subscribe our services and know.... 100 points move in either side.....but where...?

Some positive bias....

Lower level support.... 200

Crossover............sharp move and catch it. 

No problem as hold

435 level.......

Today resistance 435

Remain below target 400-383 in few sessions. 

Today support 290

Hold this level........

Up move continue....

Below 135.. time to sell.....

Over all positive..

Any dip to buy side....

Consider support 280 mark.

Today result day....

Whether Good / Bad / below/above market expectation

But will it cross 455... Just check your screen

But time to sell with tight stop loss.

In our Portfolio Holding from the level

Of 300..... Our target 1000

Wealth Creator Stock....If have a patience

Sensex dropped for the sixth straight session and closed well below its 200 days moving average, which is running at 19130 levels. Are we in troubling zone? Surely yes. All eyes will on RBI credit policy today. Market is ready to digest 25 bps rate in repo rate and reverse repo rate. To some extent it may even digest the 50 bps rate hike too, as fall may be limited. 

I feel that looking on sluggish IIP data RBI may not go for aggressive rate hikes. Technical support will be at 18800 levels. If it fails to get support at 18800 then we may see a further fall towards 18500 levels. We have seen sell off in public sector banks as some brokerage has downgrade its target. Wait for credit policy and react accordingly. 

Nifty has also closed 50 points below its 200 days moving average. Technically if trades sustain below 5670 then we can expect levels like 5630 to 5600. You can expect at least 5670 to be tested. On higher side we have to see close above 5750 to stay in upward journey. 

It has already slipped by nearly 8% in past three trading sessions. It has strong technical support at 2670. Even if it breaks 2670 then also it should not drift much lower. Buy this stock from lower levels. Some brokerage has downgraded its target. Well, ignore those. 

This stock has shown better relative strength in the past session when index lost nearly 0.80%. Technically as long as it sustain above 1020 levels you can expect a move towards 1070 to 1100 marks. I again suggest to buy in dip. 

This stock has seen a sharp intraday reversal from 1560. It is showing the kind of magnitude that if reversal come then it can be very very sharp. Technically as long as it sustain above 1590 we can hope a sharp move. Wait for RBI policy and then act on buying.