The Nifty is in a consolidation mode and the rupee is slowly climbing back. Once it climb backs into positive territory as it will soon enough, need flows to come in come, which has begun and this will see rupee rising.Then one can see the Nifty zooming to its next target which could be over 6900 spot. Once it reaches there profit taking will set in and see the nifty coming down till 6790 levels and volatile for expiry.Once the expiry is got over with then we could see a rise again in the nifty towards the all time mark of 7000 before may 10th, when the jitters on the election result will set in and markets will be extremely volatile.
Best would be to climb on the 6900 call option and once the target is reached switch to 6800 put option which should pay off good money. No need to go wild with the quantity.What ever it is the pay off will be good.
Best would be to climb on the 6900 call option and once the target is reached switch to 6800 put option which should pay off good money. No need to go wild with the quantity.What ever it is the pay off will be good.