Nifty Future:

There could be a huge Gapup opening in our Market due to US market has closed in Big plus. Today we have big event of Infy Result and followed by IIP Data release.

I have written in 9 AM on 3rd October that Nifty will move by 350 points from previous day close of  5828 and there is a distinct possibility it will achieve this and could hit 6150 today.

For today’s trading, 6145 will be the resistance and crossover of 6169,  could move to 6210. Downside it should take support around 6055 and breaking 6044, it will fall to 6010 – 5975

Nifty Option: (6200 PE )

Buy above 238  and add around 228 with Stop at 217. TGT 290 – 325

Stock Future:

Short ICICI Bank below 944 with Stop at 958. TGT 925 – 910

Short SBI below 1624 with Stop at 1640. TGT 1560 – 1525

Good Luck !!