Wednesday 1 November 2017

MARKET TREND 02/11/2017

Nifty and bank nifty ended up near all time high. Nifty closed above 10400 and Bank Nifty closed near 25500.

This kind of break out indicates strong momentum prevailing in the market and one must be long in this market

Buy 10600/700 CE at current market price and aim at 60-70% returns in the next 5 trading sessions.

On weekly expiry, grab 25300 PE if BN spot trade below 25450. If it trades above 25550 then try 25800 CE. The price you should pay should be 2/- for jackpot. The move in Bank nifty likely to be muted today and very limited..

Happy Trading!!

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