Last expiry NIFTY shown some uptrend and still it is in Bull trend.NIFTY is expected to trade in a strict range bound of 5700-6100 in the month of May expiry.
Until unless it break the immediate support of 5870 it will straight towards up trend 5970 and after breaking that resistance it will go straight to 6100.
As nifty option seeing buying of put option 5900 strike price level.
So for may expiry Buy nifty future and buy nifty 5900 put option.
Hold it till expiry .
Bank of England giving loan at cheaper rate which is a positive news for Europe market and their economy which impact will be seen in Indian market as well. So it will be wise to buy NIFTY on each dip.
Until unless it break the immediate support of 5870 it will straight towards up trend 5970 and after breaking that resistance it will go straight to 6100.
As nifty option seeing buying of put option 5900 strike price level.
So for may expiry Buy nifty future and buy nifty 5900 put option.
Hold it till expiry .
Bank of England giving loan at cheaper rate which is a positive news for Europe market and their economy which impact will be seen in Indian market as well. So it will be wise to buy NIFTY on each dip.
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