Apr 2, 2009

Options Trading for April 02 2009

DOW ended in positive, Asian markets are looking strong. Can expect bullish opening in NIFTY.

Nifty has resistance at 3100 to 3120 and support at 3030.

Note that Friday is holiday. So markets may be pushed up to close higher than last week high which is just 1.5%. If more weekness is found in world markets profit booking can not be ruled out which can push Nifty down from top.

Options for intraday trading

NIFTY 3000

ICICIBANK 350

TATA STEEL(TISCO) 200

CHAMBAL FERT 40

RPL 90

Happy Trading.. Have a great long weekend!!

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