On Anil Singhvi's show, Jay Thakkar reveals affordable option II Earnings high, but margin, risk and brokerage low
Jay Thakkar Vice President & HOR Equity Research (Fundamental, Technical, Derivatives & Algo) at Marwadi Shares and Finance Ltd said the strategy for today will be today put option of 14150 because ICICI Securities is seeing a breakdown in the market. This option should be bought around Rs 97, with a stop loss of Rs 47 and the target on this would be Rs 142 and second target would be Rs 165. There has clearly been a trend reversal in the markets.
14300 levels on Nifty is a clear resistance for the markets from here on. Short to medium trend of the markets will remain negative unless we close above 14300 levels on Nifty: Zee Business