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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty made a huge move down and hovered around 5180 very briefly before bouncing up. The level of 5180 ( +/- 20 pts.) is in many ways a key level to watch. Nifty as to close below 5180 for further weakness to 4700-4900 levels. Presently, the risk reward is in favour of longs. While it is definitely a good time for long term investors to buy good scrips, medium term and even short term investors can buy options (call options) near 5200 with 30-40 points stop. Selling June put options (5200) also would be a good strategy ( due to nearness of expiry date) with again a stop of 20-30 points.
Ø The key support level for 21/06 trades is 5180.
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