Nifty Futures & Options Call for 15th July09

Nifty is above 5EMA 4066 and today moved firmly upside. As we have told yesterday that hourly chart was giving bullish signal. The Daily Chart is also giving the signs of oversold and reversal. Nifty July Futures discount of 7 turned in to premium of 1. This indicate strong positive move. If nifty sustains above 4081-4100 for 2-3 days it might turn the traders sentiments in positive. Let's see.

Nifty Option Trading Strategy initiated in last month.