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

TCS

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Call for TCS
Short sell tcs its currently trading at 874 range.Try to sell the future as lot size is 500 so you can get more gains for it.Sell at current levels target for the sell is 840. On the upper side the breakout level is 880.It already touched 880 this morning but was not able to sustain because market is not expected to running wild or positive for long term.The downside is big time on the cards,so just sell TCS at this level and enjoy profits.But keep an eye on the higher leve ie 880 if it crosses that then it may reach 900 levels but once it crosses below 870 next immediate target would be 850 followed by 840.Market will also support for the cause as upper side is very minimal at this point when compared to downside.

cheers