Ticker

Wednesday, January 20, 2016

21-01-2016 - Index views



Nifty :
                Nifty closed at 7306.95. This fall may have made a real panic bottom for short term. Nifty recovered from the low with increase in price in Call Options, indicating a sharp short covering may happen very soon. This is a small indicator but cannot be ignored at such a down, oversold level. One may add or buy fresh at least “At The Money” call options in very small qty so that one may add and average at a later point, of course with a Stop Loss of 7230 on closing basis.

Bank Nifty :

                BankNifty closed at 14,909.20. Even BankNifty has touched the interim support zone of 14,800 on intraday basis. In case of bounce in Nifty, even BankNifty will bounce but on any rally, 200 / 300 / 400 points, one may exit the old longs. We may see some more panic in coming few days, but after a bounce. Book profit regularly on fresh longs on every rise.

1 comment:

  1. Our Islamabad Vip escorts square measure consummate flawless, VIP Islamabad Escorts astonishing and have frame sense to show up a huge amount of sizzling.people who square measure endeavoring to mess around with Drama player and high slope models in Islamabad haven't any should pressure in view of we will give you VIPs on premium start. we have a gigantic ability in giving escorts in Islamabad, Escorts administrations Islamabad from different escorts workplaces.

    ReplyDelete