Sunday, 7 July 2013

BANK NIFTY OPTION STRATEGY

BANK NIFTY WITNESSED A SHARP CORRECTION RECENTLY PARTICULARLY DUE TO  HEAVY SELLING IN PSU BANKS. BANK NIFTY IS NOW HANGING AROUND ITS UPTREND LINE AND FINDING SUPPORT AROUND 11300 LEVEL ON A CLOSING BASIS. FURTHER ON INTRADAY BASIS IT IS FINDING SUPPORT AROUND 11000 LEVEL AND WITNESSING RECOVERY. CONSIDERING THESE FACTORS AS WELL AS MODERATE BULLISH INDICATORS WE ARE OF THE OPINION THAT BANK NIFTY MAY TRY TO KISS 11750-11800 LEVELS IN SESSIONS AHEAD. 

BUY BANK NIFTY 11800 JULY CE @ 138 SL 50 TGT 240-290


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