Nifty is likely to continue uptrend and expected to reach 8100-8150 + . Buy next month 5100 call (1-2 lots) option and hold as long as Nifty is above 7790.

 

Nifty

In the last post I had mentioned the possibility of Nifty reaching 7800-7700 . Second targets is almost achieved . Nifty has breached an important support in the last trading session .Nifty is likely to go down further . 

Gold

Gold is in uptrend from few days . It is likely to reach 28000 in short term . Continue to hold long positions .

Nifty has started short term down trend . Expected targets are 7800-7700. Reversal will be closing above 8100.