Market may take support and bounce back at around 5810-5820.
Though overall trend is negative, in layman terms, this budget before election should be positive for the industry and market may cheer outcome of the budget.
On the other-hand FII again had very low volume, cautious trading on Friday and that reflected in total trading volume. Liquidity has reduced and maybe everybody is waiting for the D-Day.
Better to stick to the trades mentioned on Friday.
In NIFTY, Buy above 5830 with SL 5810 and Sell below 5800 with SL 5820. If it breaks support 5820 on EOD level then it can go down much faster and could rest at 5700 or even lower. However, breaking this support on EOD levels is must otherwise there is potential for upside up to 6150.
No new option strategies but one combination of option and future strategy.
DLF is trading around 281/283 and could experience selling pressure.
So Buy DLF 280 CALL at Rs.6 to 7 and sell DLF Future around 281-283.
Maximum lass could be Rs. 5000-6000 but if in case market falls, such atypical trader stock would go down very fast in the range of 260-265 and could give handsome profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
Though overall trend is negative, in layman terms, this budget before election should be positive for the industry and market may cheer outcome of the budget.
On the other-hand FII again had very low volume, cautious trading on Friday and that reflected in total trading volume. Liquidity has reduced and maybe everybody is waiting for the D-Day.
Better to stick to the trades mentioned on Friday.
In NIFTY, Buy above 5830 with SL 5810 and Sell below 5800 with SL 5820. If it breaks support 5820 on EOD level then it can go down much faster and could rest at 5700 or even lower. However, breaking this support on EOD levels is must otherwise there is potential for upside up to 6150.
No new option strategies but one combination of option and future strategy.
DLF is trading around 281/283 and could experience selling pressure.
So Buy DLF 280 CALL at Rs.6 to 7 and sell DLF Future around 281-283.
Maximum lass could be Rs. 5000-6000 but if in case market falls, such atypical trader stock would go down very fast in the range of 260-265 and could give handsome profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
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