Market Outlook
After a gap down opening, Nifty future took support around 4930-4940 levels and witnessed a smart rally towards 5070 and closed near day's high levels. On option front, maximum Put OI is at 4700 followed by 4800 strike while maximum Call OI is at 5200 strike. If Nifty future sustains above 5050 levels then it may move up towards 5100-5150 levels. On downside if it fails to hold 5000 levels, then selling pressure may get intensified in the market towards 4950-4900 levels.
Derivatives Calls : Buy Educomp and Sell Tatapower
No comments:
Post a Comment