NIFTY_Weekly_26-02-2017.png

NIFTY has crossed 8900 levels comfortably making a nice big white candle.

All time high just a few centimeters away!! Once the all time high is crossed Indian markets will enter into a new uncharted territory .

EMA 20 & 50 are indicate clear bullish trend

Nearest Resistance is the all the high 9130

Nearest Support Zone is 8900-8800 range

Suggested Option strategy

Front Spread with Calls Front Spread With Calls.png

Sell 2 CE 9150 MAr 17  (A)

Buy 1 CE 8900 Mar 17  (B)

 

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