Indian indices continue to be in consolidation mode. If Nifty manages to cross the threshold limit of 5,320-5,330 one should goes upside. I would have expected this to a consolidation before another breakout but nifty range bound is 4950 to 5370. Traders to be alert and trade only on Active stock.
Option Trading tips:
BUY RELIANCE Call Option @740 above 18 Target 19.50, 21, 22.50 stoploss 15
For Upside: Buy Nifty Call Option@ 5300 above 99 target 105, 110 SL 92
Down side: Buy Nifty Put Option@ 5200 above 44 target 47 43 SL 39
Option Trading tips:
BUY RELIANCE Call Option @740 above 18 Target 19.50, 21, 22.50 stoploss 15
For Upside: Buy Nifty Call Option@ 5300 above 99 target 105, 110 SL 92
Down side: Buy Nifty Put Option@ 5200 above 44 target 47 43 SL 39
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