First day of the week, market surged above its level and trading in strong bull note. Sensex grow above 300 pts or +1.40% at 23319 while nifty trade above 6900 gains +1.33% or 90.95 pts to 6949.45 . Both nifty and sensex indices started with a strong note .
Share market led by gains of Reliance industries above 4%, SBI 2.88%, PNB 2.0%, Gail 3% ,coal India 2.24%, Ambuja cements 2.20%.
The best idea for short and long term traders and investors is to invest fully with defense to stop unexpected risk and since the call is also decision on high premium we think that better strategy is to sell calls and invest in equity market.
@Resistance and @ support level
Intraday Resistance of NIFTY are 6801.2 : 6872.5 : 6838.8
Intraday Support of NIFTY are 6629.4 : 6558.1 : 6592.9