Tuesday, November 8, 2011


Nifty had opened 5320 on Friday and were trading below this level in entire session. After the bailout package news published for Greece U.S. markets gained last night. Asian markets are trading flat in morning. SGX Nifty is trading again at 5320 level and market may open near this level in today’s session. Nifty has strong support at 5225 - 5200 level and a minor resistance at 5335 level. Nifty 5200 and 5300 strike rate’s puts had added new sort positions in Friday’s session; it confirms strong upside rally will come in next few days.5200 strike rate’s put may short sell for today with the strict stop loss in Nifty option.