Continue with CALL sell options earlier. You may exit ITC if it goes down till 0.50, but I don't think it will happen tomorrow!
Market rested today on long term support level. The support line was from July 26, September 05 and November 21. The support was at about 5945, which many analysts were talking about. NIFTY did reverse from that point today. It seems, it touched two times but failed to turn in favor of bears.
FII buying is still continued in spite of market shown decline in last six days or so. So NIFTY will try to move up again till 6036/6050 levels.
Disclaimer: This blog does not take any responsibility of your profit/loss
Market rested today on long term support level. The support line was from July 26, September 05 and November 21. The support was at about 5945, which many analysts were talking about. NIFTY did reverse from that point today. It seems, it touched two times but failed to turn in favor of bears.
FII buying is still continued in spite of market shown decline in last six days or so. So NIFTY will try to move up again till 6036/6050 levels.
- Sell ASIANPAINT 4950 CALL between 9.80 to 10.50. This will give more than 4% return on investment in this month. Chances of ASIANPAINT closing above 4950 is just 11% based on present implied volatility in the stock. So there is 89% chance that you will able to increase bank balance by at Rs. 1000 per lot (net of brokerage) within next 20/22 days!
- Those who have sold SBIN 2700 CALL at 8 can buy SBIN 2500 CALL @ 40-42. SL 30 Target 52 to 54.
- Risky trade: Buy BAJAJAUTO future between 2122 to 2128 for target 2159 strict SL 2197.
- Risky trade: Buy ICICIBANK Future @ 1184.20 target 1196/1208 Strict SL 1162
Disclaimer: This blog does not take any responsibility of your profit/loss
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