Nifty Future for December 12 - Rakesh Chandra

On the hourly basis chart price need to stay in some range. We are trading near on the 3rd up wave and on the upper side profit-booking comes easily.

Selling a call option of 3050 is a safer trade trade idea assuming the price will consolidate for some more hours as the 4th down (consolidation wave) is in progress.

With stoploss 2,938, buy 2,951.63, target >2,973>>3,008>>>3,029.

With stoploss 2,952, short2,938.37 with lower target >2,917>>2,882>>>2,861.