NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 14 MAY 2021

STOCK OPTION CALL PUT TIPS ROCKS BOOKED PROFIT

STOCK OPTION CALL PUT TIPS GIVEN IN YESTERDAY'S POST TO CHECK VISIT http://niftytipsniftylevels.blogspot.com/2021/05/option-call-put-tips-for-12-may-2021.html

BEL 165 CALL ROCKS ACHIEVED TARGET 4.4 BUY GIVEN @ 2.9-3 PROFIT OF 5700

POWERGRID 240 CALL ROCKS ACHIEVED TARGET 4.5 BUY GIVEN @ 3.3-3.4 PROFIT OF 4800

BANKBARODA 85 CALL ROCKS ACHIEVED TARGET 2 BUY GIVEN @ 1.2-1.3 PROFIT OF 9360

CUMMINS 900 CALL ROCKS ACHIEVED TARGET 25 BUY GIVEN @ 14-15 PROFIT OF 6600

NET PROFIT OF STOCK OPTION 26460

On Wednesday May 12th, 2021, market fell for the second consecutive session on the back of negative global cues. Nifty opened gap down, but made an attempt to recover. At 12.30 pm, the previous day’s low proved to be a tough resistance for the Nifty and it began to fall making lower tops and lower bottoms. At close, the Nifty was down 154 points at 14696.

The short-term technical condition appears like a sideways consolidation in the process. Sustaining above 14500 levels, the market to gain momentum, leading to an upside projection till 14800 levels. The momentum indicators like RSI, MACD to show divergence, indicating a likelihood of further consolidation around the current market level.

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Resistance: 14600, 14700, 14800

Support: 14400, 14300, 14200