Give and Take policy

Still the market was not able to surpass 4700 mark. But buying emerges at lower levels, and Reliance has closed in a good point which indeed can take that stock to 2200 levels. Suppose our market opens gap up above 4740 then Bull run will resume back. Personally i expect 61% retrace level in Nifty to be tested.

Open call for the day :

Buy ONGC 1200 call at dips and hold it for a day or two. Can gain a descent profit in that.

Levels for the day :

4652 - 4677 - 4694 - 4723 - 4744 - 4777 - 4790.