Wednesday, January 5, 2011

Derivatives Update - 6 Jan, 2011

Nifty is trading in Narrow Range of 6000 - 6200


OI Analysis


Built up of OI in puts 5700, 5800, 6000 - - Suggest strong support area for the nifty


Built up of OI in Calls 6100, 6200 - - Suggest strong resistance area for the Nifty

Bargain Trade


Buy BankNifty when Nifty is trading near its support area i.e. 6025-6050



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