BUY TATAMOTORS 400 PUT
@9.40 TARGET 11.60,13.80 SL 6.20
Today as on 4 dec
2015 market was in bearish mode nifty has closed at 7890 . The index 7900 was supporting
level, which is evident from the huge concentration of Put OI, which stands at
28.31 lakh contracts. The Nifty50 came under selling pressure at higher levels 7942,
which pushed the index below its support level of 7,950 towards the end of
Wednesday's closing session. In Thursday's trade index
starts trading below the 7,900 mark, traders can look to cut long bets A
sustained move below strike price 7,900 will take the index towards 7,850-7,800
levels. Total number of
turnover in stock option 10,169 & in nifty option is 98,487. Call put ratio
in stock option is .47 in index option is .97. in stock Rcom 90-85 call strike
are most traded while Rcom 80 put traded while in index 7900 put was most
traded
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