put nifty 5500 as nifty is heading towards 5600

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Hi guys,

Buy the put option for nifty because nifty is showing strong resistance at 5500 level inspite of weak global clues and since last week nifty closed above 5500 it is sure that market is going to get outbreak and we can see nifty touching 5800 in coming month and sensex crossing 20000 for short term.So my call is to buy nifty put option of 5500 and enjoy profit.I think we can see nifty crossing 5600 level in coming week.

Cheers

Short sell HDFC

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HDFC is currently trading at 3069.95

The fact i am telling to sell is because the up side of this script is not much maximum it can go upto 3120 which is just 50 points plus but more tha 90% chances of this script is doing downside from here.the Its high time for HDFC at this price as its already closing its 52weeek high which is 3139 and i really doubt its going to even cross that one. I a expecting HDFC to come upto 2900 levels in days ahead to come.

I would say sell for 1 week time frame becasue target expected is around 2900,the lot size of HDFC is 125 try to sell the future because thats where you can earn more profits.

immediate target is 3000, followed by 2950,2900
Time frame :-1 week

cheers