Wednesday, March 5, 2014

Nifty is in resistance level

 Nifty is not crossing the important resistance level at 6320. In last few months Nifty experienced a tight resistance at this level. If it crosses decisively , we can expect it topuching all time high. 
        
        At this scenario traders may got for taking option positions in which they can benefit from both rise and fall in Nifty . Our Option Mantra software can be used for finding the suitable startegies according to traders risk tolerance.
        
        Buying straddle or strangle, butterfly positions are adviced. Buying 6400 calls and 6100 puts are one idea. 
        
        
        What we are expecting next 3 months there will be lot of election related noises and taking option positions will be a great idea.

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