Tomorrow is expiry day!

NIFTY could easily see 5680 level tomorrow.
It could go down further too up to 5665.
Sell WIPRO future @ 373.80 target 366/362.10/361 SL 377.60
It seems I have to bear loss in KTKBANK and INFOSYS strategy.

Disclaimer: This blog does not take any responsibility of your profit or loss.

New Strategies

NIFTY continued uptrend and sustained convincingly above 5600. It could try to go down tomorrow but again it will make all efforts to touch 5600. Maybe bear positions could be squired off near 5580. NIFTY will find itself in very difficult spot to go below 5535.
Fresh longs could be created if with strict SL at 5580.

Sell RELINFRA future @ 457.90 for target 440 SL 461
Sell JSW STEEL future @ 715.35 for target 695.30 SL 727.50
Sell IFCI future @ 28.05 target 27.60/26.80 SL 28.75
Sell BAJAJAUTO future @ 1810 target 1792.10

This blog does not take any responsibility of your profit or loss.

Moon Harshal (Uranus) effect on Friday last week

Moon Harshal were in closed proximity at 2.30 pm on Friday and market suddenly took upward direction based on Greece data!
There is high likelihood based on global cues market will continue upward trend tomorrow morning.
Please check SLs for LT and RELINFRA
LT Stoploss 1605 and Target 1568
RELINFRA Stoploss 459.50 and target 449

Sell ZEEL Future @ 207.50 Tgt 198.10 SL 208.50
Sell KOTAKBANK @621.40 Tgt 618/615.10/611.50 SL 634
Sell JPASSOCIATE @ 88.75 Tgt 87.15/85.85 SL 90.75
Buy TATAMOTORS @ 263.85 Tgt 267.65/269.10 SL 261.10

Disclaimer: This blog does not take any responsibility of your profit or loss.

New strategies

If NIFTY crosses convincingly 5650, it could reach easily 5690 in spot.
Risky traders could could generate a short position near 5640-50 with SL of 20 points.

Book part profit in IRBINFRA 130 CALL option @ 1.60.

Sell LT future below 1580.50 Target 1545 SL 1601
Sell Sesagoa future below 165. 30 target 163.90/162.80/161.20 SL 168.20
Sell RELINFRA future below 453.45 Target 450/448 SL 461
Buy Coal India future at 357.55 for target 365 SL 349

New Strategies

Market will react to parliamentary session tomorrow.
It could continue up move during the day. NIFTY could easily touch 5690 level before turning down again. In my view market is still in "sale on rise" mode. This view could change if NIFTY convincingly crosses 5740 in very near future.

Buy JPASSOCIATE Future only if it goes above 88.80 target 90.40/92 SL 88
Buy RCOM future only if it goes above 63 target 63.70/64.5
Buy KTKBANK Future if it goes above 141.50 target 143.10 SL 140.30
Buy TATAMOTOR future if it goes above 268.30 target 271.80 SL 264.20

Buy IRBINFRA 130 CALL option @ 0.45/0.50 for target 2.65. Risk reward ratio is very good. Hold this position till stock reaches 129/130 in future during next three/four days.

Disclaimer: This blog does not take any responsibility of your profit and loss. 

Update on old strategies

ICICI BANK and LT option strategies are showing descent profits and it is advisable to book part profit here,
KTKBANK shown some downward movement yesterday and I booked profit in 170 CALL option, bear spread strategy is still in place. There is small loss still though in this bear spread strategy.

For today one can sell IBREALEST future only if it goes below 61.10 for targets 60.65/59.50/57.7 with strict SL 62.35.

Disclaimer: This blog does not take any responsibility of your profit and loss. 

New strategies.

All stocks recommended yesterday did reasonably well. JP Associates met target and then reversed!
Market is in downtrend.It should go below 5580 for trend confirmation.
However, there is no trigger for market for either directions. Hence this is time for some stock specific moves.
I am holding all my Option strategies. There is some loss in KTKBANK strategy but still it is worth holding. I expect 3rd wave to complete at 147.5/148 and it should start moving towards 125.

Buy RELINFRA future @ 481.65 target 486.45/489.00
Buy TATASTEEL future @ 384.40 target 390.30
Buy SBIN future @ 2170 target 2193
Sell AMBUJACEM @ 206.70 target 204.90/202.10
Sell TCS @ 1292.20 target 1260
Sell INFY @ 2280 target 2232
Sell AUROPHARMA @ 171.35 target 168.80/160.90 SL 173.60
Buy STER @ 101.60 target 103.10 SL 100.90
Sell HEXAWARE @ 102.60 target 93 SL 104.10


Disclaimer: This blog does not take any responsibility of your profit or loss.

New Strategies

Sell JP Associate future @ 89.35; target 88.60/87.75 

Sell Tatacomm future @ 238.80, target 236.50/235.90

Sell Optocircuit future @ 114.15 target 111.90

Sell M & M future @ 905.85 target 897.35/884.50

Disclaimer: This blog does not take any responsibility of your profit or loss. 

Strategies for November 12, 2012

Finally market shown some signs of correction. It may not last long, however, still one can easily expect 5550 level for NIFTY in near future.


Option strategy for week starting from November 12, 2012.
Enter into this strategy only if LT goes below 1619 in future.
Buy LT 1600 Put @ 22 and sell 1550 PUT @ 9. Maximum loss could be Rs. 3250 whereas strategy has profit potential of Rs. 9250/- at expiry.

Future strategies.
Sell IFCI future only if it goes below 29.55 target 28.35 SL 30.05.
Sell LT future below 1618/1619, target 1536, SL 1651
Sell ONGC future below 256. 20. target 242, SL 257.80
Buy RELINFRA future only if it goes above 480.40, target 488.20 SL 477.10

Disclaimer: This blog does not take any responsibility of your profit or loss.

And loss goes up

My all bear spread positions are making loss. Presently nothing is working, however, I expect situation to change starting from Monday due to change in planetary positions. I am holding all my positions.
As of now all global markets in EU and US are in red but one never knows, as usual NIFTY could be in green tomorrow morning!!
Tomorrow day could be driven by SBI results.

Perhaps one can
Sell KARNATAKABANK future only if it goes below 140 for target 135.30 SL 132.80 SL 144
Sell SBIN future only if it goes below 2198 for target 2135/2060 SL 2204

Disclaimer: Blog does not take any responsibility of profit or loss.

My loss has gone up!

With my limited understanding of market, I don't see any reason for such an upward trend. It was stated in all news channel win of Barak Obama enthused Indian market. This is hard to believe. No other market, including US has responded so positively to his win. Hence either there is some other reason or there is real too much strength in our market.
It is also difficult to digest that entire world now has faith only in Indian economy and all investors are pumping money in India. So there is some other reason which is guiding the market.

My loss is increasing, but still holding all positions, except partly booked loss in NIFTY 6000 call.

PCR for December first time gone down substantially.
I bought NIFTY 5800 call for hedge.
But all my main positions are still bearish.

Sell YESBANK future below 421.50 Target 416.40/409.50 SL 427
Sell TATAMOTORS future below 269 target 259.50 SL 275.75

Disclaimer: This blog does not take any responsibility of your profit/loss.

IDFC

Most of the markets are down except Singapore NIFTY!
If our market starts going down then
Sell IDFC Future at 164.20 Target 162/ 160.70/ 159.90 SL 168.30

Update and new strategies

All my strategies are presently not doing well.
I am still holding them with losses.

Better to buy two lots of NIFTY Future above 5775 and book profit in one lot after 20 points.
Sell KOTAKBANK future below 629.90 for target 623.15/617 SL 639
Sell AXISBANK future if it goes above 1242 for target 1205 SL 1272
Sell IDBI future @ 98.25 Target 96.70/96 SL 100.40

Disclaimer: This blog does not take any responsibility of your profit or loss.

Update

Some of the stocks suggested yesterday, performed very well.
My Option strategies have not done anything phenomenal so far. Good part is no major loss yet. 
Mars is changing tomorrow, November 06, 2012. Moon in gandantar yoga, so maybe one can expect gap down opening (at least) after long time.

Tomorrow below mentioned are some strategies in Future derivatives:

Sell RANBAXY future below 540.50 for target 536.60, SL 543.50
Sell PANTALOON future below 192.80 for target 179.50, SL 196.50
Sell AMBUJACEM future below 210.80 for target 207.50/204.80 SL 212.35

Disclaimer: This blog does not take any responsibility of your profit or loss

Strategies for November 05, 2012

Market is still going up. PCR is improving. Stochastic is also now indicating market would go up. In short, all major indicators are showing uptrend. Normally the market has happy nag of surprising traders, so this is the time, keep tight stop loss and take reverse position for larger gain. Option trading gives you facility to adjust your stop loss at the start of the trade itself.
I myself entered into KTKBANK strategy on Friday.
I am holding my strategies in INFY, ICICIBANK and KTKBANK. First two are bear spreads and last one is modified butterfly strategy but also expecting KTKBANK to correct up to 125. In short none of the strategies I am presently holding are bull strategies and this is playing for corrections in these stocks. My maximum loss till November expiry could be Rs. 10000/- in these three strategies and has approximate profit potential of  three times of my predicted loss. As usual risk reward ratio is beneficial.

As mentioned, though market is predominantly in up side movement there could be possibility of small correction in near future, maybe post SBI (State Bank of India) results, by weekend.

Sell SBI Future for December expiry if it goes below 2160, (SBI spot could be in the range of 2140 then). To cover some risk sell SBI PUT for strike price 2050 at around 27-30. Book profit in strategy if SBI future  touches price range of 2180-2090. For risk takers, they can wait till SBI results.
Exit the strategy if SBI trades above 2222 on EOD basis.

Sell NIFTY Future November expiry @ 5660 target 5570 (may not reach tomorrow!!)
Sell CENTURYTEX Future below 394.70 target 386.90/381.15
Sell JPASSOCIATE Future below 88.70 target 87.50/86.50/85.20
Sell HDIL below 100.25 Future below 100.25 target 97.95/95.30



Disclaimer: This blog does not take any responsibility of your profit or loss.

What next? Some new strategies

My strategies ICICIBANK and INFY are steady.
Sold 6000 NIFTY CALLs for December expiration.
Market is "Sell on rise" mode till NIFTY decisively crosses 5680 in spot. PCR is still near 1.There is no clear trigger for market to take conclusive direction. Tomorrow even if there is gap up opening, market will find difficult to chose upward direction. Hence, in short market will be in narrow range.

For tomorrow
Sell November NIFTY Future if it goes below 5636. Target 5604. SL 5668
Buy Tatasteel future above 401.60 Target 409.25 SL 391

Option Strategy:
Buy KTKBANK 130 PUT November expiration @ 3.60
Sell KTKBANK 125 PUT November expiration @ 2.05
Sell KTKBANK 170 CALL November expiration @ 0.70

Maximum loss in this strategy could be 3400, and profit could be 16000/- at expiration if KTKBANK goes near 125. Risk reward ratio is favorable.
It seems around 144-145 KTKBANK should complete 3rd wave and should retrace up to 125 before end of the month, hence this strategy.

Disclaimer: This blog does not take any responsibility of your profit or loss.