Markets approaching some important levels at 5730-5750: Mitesh Thacker

Well, the trend certainly remains up but I would pass the question of having a Nifty strategy in place now purely because we are approaching some important levels at 5730-5750.

In a chat with ET Now, Mitesh Thacker, miteshthacker.com, talks on the benchmark indices for the week.

ET Now: What are your thoughts on the benchmark indices for the week?

Mitesh Thacker: Well, the trend certainly remains up but I would pass the question of having a Nifty strategy in place now purely because we are approaching some important levels at 5730-5750. If we break above those levels buying in out of the money or at the money call option could be a good strategy otherwise wait for some kind of declines. We had one on Friday I think these kind of declines you could probably take any position on the Nifty which is upward bias in terms of delta.
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