Positional Trade on Nifty for June 2013.

Jun 3, 2013 3:00 PM
4 Comments
Buy Nifty near 5925 (6200CE near 19-20), SL: 5910, Targets: 6010, 6098, 6180

Update: 05/06/2013: SL Triggered. Exit 6200CE for now. We may re-enter later after confirmation.

Nifty had given a bullish closing in the month of May 2013. As such its expected to remain positive this month as well. Last month's Nifty's low was 5910 and today Nifty took support near 5925 and tested 5916 forming a higher low. This is a good opportunity to initiate a positional long trade for a bounce to 6180 levels keeping SL at previous month's low of 5910. OI data also show maximum open interest in 5900PE and 6200CE confirming our expectation.

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  1. sdkbestJune 3, 2013 at 8:25 PM

    Hope this call turned out to be a multibagger, similar to your earlier positional calls.Thanks in advance.

    ReplyDelete
  2. Auto ChannelsJune 4, 2013 at 8:12 AM

    Hoping the same. Most Welcome.

    ReplyDelete
  3. Auto ChannelsJune 4, 2013 at 8:14 AM

    Good Morning. Most Welcome. May see a flat session for 1-2 days

    ReplyDelete
  4. Kris hnaJune 22, 2013 at 12:28 AM

    Good Evening Sir,
    Thanks for the positional call, entered small qty
    Do you expect gap up opening tomorrow?

    ReplyDelete

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