Indian share market opened in bearish note, Nifty F&O data indicates a strong positional build up at 7500 puts and 7700/7800 calls, if in case the range is broken, there could be a strong move on eighter side.
It has been a wave coaster ride for India’s surface index on Wednesday, as the sensex and nifty is down in this week Cnx nifty up little bit movements of 4.85 pts or 0.07% to 7562.75 while sensex is up with small pts of 23.83 pts or 0.07% to 25265.47.
Infosys Ltd rallied as much as 1.7% in trade on Thursday to reclaim its crucial psychological level of Rs 3300.
Buy infosys call with target of 3400 and stoploss of 3260
I actually thought that despite global oil prices going up, Indian markets would have a small correction – nothing very big.
Sell ONGC with the target of 417/414/411 and stoploss of 434.