Nifty Spot Update --- this rally wont last for long ---
-- Charts Indicating the same --
Short Nifty Future @ CMP and on rise as per spot levels.
Nifty Spot 8180 - 8190
Stoploss 8350 will revise it later on.
** Note: Nifty spot will not be able to crossover 8250-8260 level
Add more short's on fall below 8120 Nifty Spot
Target - 8070-8060 / 8010 / 7950-7930 / 7860
Option Dhamaka buy in truck load each side 2000 - 5000 - 10000 - 20000
Buy 8400 call (47-48) and Buy 7800 put (32-33)
Total Gross Premium 69 - 71
Target Gross Premium 90-110-125
or
Buy 8500 call (25-26) and Buy 7700 put (23-24)
Total Gross Premium 48 - 50
Target Gross Premium 70-90-105
** A quick move of 200-300 points (i.e. 2.5% to 3.7%) required either side.
** As such Nifty Spot is hold @ 8200+/- big move either side expected