The Market has held on to the 6750 nifty spot level. With the rupee gaining and going sub 60.50 level it shows traction to go forward against the dollar. But the global cues are all against it. Barring the Korean Kospi everything else is in red. Europe is a forgone conclusion will also track the US markets and open in red.The premiums have held till now and we do not see much change in the option prices.
Watch out for the following levels. 7400 CALL at 40-45 rupees is a good buy, as is 7700 call 14-15 rupees.Both should give out handsome returns when the market rises.This is for people who cannot afford to buy at the levels mentioned in my earlier blog.
Do wait for the nifty to break the 6750 level and it could either turn from 40-45 level or if the market tanks then we could even see 6720 levels. The worst case scenario is 6650 which is the last major support.But it won't be seen in any case.By that time Nifty would have turned and gone up.The caveat is that the volumes are low today and we could see the market shoot up suddenly, hence one needs to be vigilant all the time.
Watch out for the following levels. 7400 CALL at 40-45 rupees is a good buy, as is 7700 call 14-15 rupees.Both should give out handsome returns when the market rises.This is for people who cannot afford to buy at the levels mentioned in my earlier blog.
Do wait for the nifty to break the 6750 level and it could either turn from 40-45 level or if the market tanks then we could even see 6720 levels. The worst case scenario is 6650 which is the last major support.But it won't be seen in any case.By that time Nifty would have turned and gone up.The caveat is that the volumes are low today and we could see the market shoot up suddenly, hence one needs to be vigilant all the time.