If you want to be a successful trader in Nifty futures as well as in Nifty options do not look for HUGE profit in a single shot. Instead keep your profits cut in to 50 points on your direction. Because the Nifty has a crest and trough of 50 points when it is linear and when it is performing as non-linear, the direction of the Nifty has the landing points on every 25 points approximately.
So have your trading pattern with respect to the points and not based on chart pattern or the so called funny indicators.
With respect to the last week closing of Nifty, the market may have a further boosting from automobile stocks and then and there the weakness in Gold and Crude will hammer the market this week.
The Long traders may consider the ultimate reaching point in Nifty futures as 8705,if the market is said to be linear and trouble fee from global cues.
The Short traders may consider the ultimate landing point in Nifty futures as 8345,if the market has
setback this week.
The following option levels are to be considered for profit making trades.
Nifty 8700CE and Nifty 8300PE
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