Today the broader market witnessed a u turn from yesterday's trading and this is mainly due to the short covering happens in most of the sectors like banks,automobiles and capital goods. Today the top trading Nifty levels are 8200CE and 8000PE.
The combination of Nifty 8400CE+7900PE will give a good return to non-conservative traders who can make Nifty as a source of their living. The option writers can do the short selling of the combination of 8300CE+7900PE with a target of 10 points and / or a stop loss of 10 points.
The high risk traders can consider to do shortselling Nifty at High and buying at low for an immediate gains during intraday or swing between the levels.
There is no point in referring the chart pattern or indicators, the current market situation goes on its own neglecting global cues and national influencing factors.
So adopting a winning strategy in Nifty option will only help you to gain from this market.Keep watching our facebook alerts and join our facebook secret group, you will gain profits.
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