With reference to the closing of Nifty futures on friday, it made an impact that it closed neither advanced not discounted which indicates a side way market for the week ahead. But with reference to the global cues like Greek's debt and it is expected to become bank corrupt and at the same time China's central bank has announced rate 25 basis points, collectively looking in to these events, it makes our market is directionless,but however it will only show a clear picture after the first 30 minutes of trading today.
With reference to the closing of bank Nifty on friday, the following levels are considered in futures trading today.
Going Long above: 18555
Going Short below: 18242
In option segment the following levels are considered for today's trading.
CALL Option: 18800CE
PUT Option: 17900PE
The following couple trading is the most preferred for today's trading.
18900CE +17400 PE
The option writers can try the following combination with tight stoploss to aim 6 to 10 points as profits.
19700CE + 17100PE
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