Nifty Trading Strategy as on 26 Apr’13

Nifty as on 25 Apr’13 – 5916.30                       Bank Nifty as on 25 Apr’13 – 12726.85

Nifty opened at 5856.10 with minor Gap of 19.2 points, taking cues from Global market. Similar was the situation with Bank Nifty also, opened at 12632.25. in my last article I have clearly mentioned where to take long call (yesterday’s strategy).

Nifty Trading Strategy

As per my suggested strategy, readers are already long with 5900 CE option, which lastly closed at 101.55.  Keeping Nifty movement in consideration this call has not given any significant returns; yes it made a high of 116.90. Traders can hold this call option with financial stop loss of below 80. I expect Nifty to continue moving higher, maybe we witness some dull day, as it generally happens after expiry.

Bank Nifty Trading Strategy

I asked to buy 12900 CE it opened sharply higher due to gap up opening, but settled lower at 217.50. Even though outlook was right, due to option premium, profits are not earned in here. I think risk averse trader should exit from this option at cost price, and risk takers can hold this position with stop loss of Rs 30 from their cost price.

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