SENSEX crossed 29000 and Nifty gained 0.5%, Option Tips

callputtipsIndian share market is looking buoyant on first day of trading session of this week. SENSEX crossed 29000 while Nifty traded above 8800. Buying trend in midcap and smallcap shares. BSE Midcap index gained 0.75% and Smallcap index raised 1.25%.

Except auto index all major sector indices on green mark. BSE auto index decline 0.5% while consumer durables, capital goods and realty shares bought higher.

Option Tips

Reliance Industries Option Call strike price 920 expiry 30 April 2014 Sell below 21 target 16.65 stop loss 24.15.

Jindal steel and power Option Call strike price 170 expiry 30 April 2014 Buy above 6.03 target 8.31 stop loss 3.06.

Nifty Option Put strike price 8700 expiry 30 April 2014 Buy above 56 target 66.80 stop loss 41.80.