Thursday, August 11

Trading Levels:Nifty,Bank Nifty and Jet Airways

Nifty Daily
Nifty Opened gap up of 100 Points yesterday Selling Pressure coming on Higher Levels and Unable to close above 5206 levels. Today we should open near 5120 levels. Volatility is at its peak and Buying in Option is not advisable. Sell Options to eat premium.
Test of this upmove will come near 5229 levels if it can close above it and fill the gap.
Stochastic is on verge of giving a Buy
Buy above 5123 Tgt 5151,5160,5198 and 5229
Sell below 5086 TGt 5054,5020 and 4980
Bank Nifty
Bank Nifty broke the levels of 10017 …
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