Index Today

Future Levels

Nifty support 11721.40 (hourly candle)
Bank Nifty support 29734.30 (hourly candle)

Index

Range is 11544.80 ~ 12044.60...

No positional view...

Reliance

Reliance 1363 will act as support....

Chart is self-explanatory...

Election Result vs premium

Starting of 1st Phase polling...premium was 762.45...today 639.....

2014...one day before the result ......premium was 538....

My take.... if premium goes up again...I will sell....

Index - for today

Both call and put option trading below buying level.....as such no oneside move...

11700 put trading below 84.20
11600 call trading below 123.90...

Index

No positional view now...

Weekly top sell (red level)..... break below orange further short...

If you will take positional view and trade...sure failure...

Use weekly level and play with swing reversal..

Tricky game.... be cautious...

Reliance booked

Congrats Punit....

Also.... thanks to Sheetal for the information....of reliance support level and buy in the morning..

Perfect analysis sheetal...keep it up...

Nifty

Nifty hit  11789...

Bank Nifty

Bank Nifty support (Hourly candle closing basis) 29854.80

Upside 1st visible resisitance 30108.70..

Index

Now 11682 (future) will act as support...

11751.60 above target 11788.90...

Index

Details in the hangout..

Nifty trend

Intermediate trend is up...

Nifty 11600 call is holding 142....trend is up...

Welcome

Welcome on Board...Mr.Krishnasundar....

Your first analysis today....11700 put moved from 27.20 to 34........(morethan 20%)..... ultimate target shows 50.20

Congrats Sundar....

Nifty

11700 Put Option suggesting trend is up (positonal trend is up)...

Index

Trend is up....

Nifty

Nifty (reversal) hit 1st top 11841...