Targets for 11-June-2015

Nifty Calls:

Current Level: 8124


Buy: Resistance @ 8150
Buy Nifty above 8150, with a target of 8165-75-85,
 Stop Loss: 8120

Sell: Support @ 8090

Sell Nifty below 8090, with a target of 8077-65-55, Stop Loss: 8110

Stock Calls:

Buy Tech Mahindra Above 560

Current Market Price: 556
Target: 565-70-75
Stop Loss: 555


Buy Voltas Above 345

Current Market Price: 343
Target: 348-50-52
Stop Loss: 342.5

Bullish On Maruti Suzuki


(Note: When a stock or nifty crosses above or below the given levels, make sure that the successive candle also follows the same trend)

Comments

  1. This is nifty levels. Then how can we trade in nifty future? Please explain

    ReplyDelete
    Replies
    1. Hello sir,

      As we know all the stock futures and options have prices traded based on the underlying security.
      In case of stock futures the Stock-EQ itself is the underlying security, similarly for Nifty future, Cnx Nifty is the underlying security.

      So when CNX nifty crosses the mentioned level u can go long or short on Nifty future and book profit when CNX Nifty reaches the target.

      The problem on taking a call on future is that they will have changing premium For Ex: When CNX Nifty goes up by 20 points today, nifty future may go up by ,25 points and tomorrow CNX Nifty may go up by 20 points where as future may go up only by 13 points So the calls mentioned on this blog will be for Stock-EQ or the index itself.

      Thank You

      Delete

Post a Comment