Wednesday, September 21, 2011

Market today

On tuesday our target acheived in nifty close at 5168 almost 100 point gain in nifty showing short covering in all sector .major gainer sector is IT and PSU BANK .
Today dowjones close almost flate so flate to negative opening seen in market and due to someprofit taking first half nifty can gettingsupport around 5100 but i feel nifty manage to close around 5200 level today.
buy nifty around 5120 with stoploss of 5090 for a target of 5200.
option side long termplayer buy nifty put 5000  october  for next month time target priceof 300.

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