Wednesday, December 29, 2010

Nifty closes above 50Sma(6014)

VIX closer to its lows and Nifty closer to 61.8% retracement fof its fall from 6339 to 5690 @ 6090 above which another strong resistance @ 6125.
More Technical Analysis here: NIFTY TA(30); BANKNIFTY TA(30)

3 comments:

STOCK4SURE said...

option strategy for expiry day:

buy 6100ce jan series and 6100pe dec series when nf trades at near 6100 levels,if nifty moves up near 6120-30 range then book ce and hold pe,
if nifty moves down then book pe and ce near 6040 range,appreciation in 6100 pe will be much more than depreciation in 6100ce

if can hold patience try this strategy in later part of the day

STOCK4SURE said...

if nifty continues to move abv 6130 then dont worry
as pe will be nearly free of cost due to gains in 6100ce jan

rajiv malik said...

pretty good strategy.....sanjay daga ji.....regards

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