Nifty will go up but only after it visits 6810 spot and if something untoward happens with the bank results due today then we shall see it visiting 6785 or even slightly lower, once it corrects to the levels mentioned,we could see some serious buying coming into the market.
At the moment, Nifty is making heavy weather of trying to cross the 6850 spot level despite some attempts it cannot cross , hence will have to correct before it can punch through the resistance.7000 call and 6800 put is the one for rich traders. For the really small traders, pick 7600 call at 14 or 15 rs. or even lower if you can....and hold till it reaches 6910 or trail with stop loss to get the maximum benefit.This will be okay for the first 5 to 7 sessions of this trading month after which we could see time decay setting in and not worth going that far out.
At the moment, Nifty is making heavy weather of trying to cross the 6850 spot level despite some attempts it cannot cross , hence will have to correct before it can punch through the resistance.7000 call and 6800 put is the one for rich traders. For the really small traders, pick 7600 call at 14 or 15 rs. or even lower if you can....and hold till it reaches 6910 or trail with stop loss to get the maximum benefit.This will be okay for the first 5 to 7 sessions of this trading month after which we could see time decay setting in and not worth going that far out.