This is the time took profit in all short positions.
One can hold Ranbaxy strategy till expiry. This strategy is showing marginal loss.
Book profit/partial profit in all CALL sell positions recommended so far.
PFC gave another opportunity to book profit/break-even. Let us hope it gives descent profit. It will be very risky to hold 190 PUT as this stock has very strong support at 181/178.5 level. If this support breaks then there could be free fall. Unfortunately this option is not very liquid and there is always lot of difference between bid price and offer price. Better to set limit.
Broader market might show sign of recovery tomorrow. But as long as it is below 5790, it is sell on rise market. Huge selling by FII, problem with Government and no new trigger to take another jump shall bring back market to 5650 level in near term. However, tomorrow it could try to cross 5775/80.
Strategy for tomorrow, and this is only for tomorrow.
Axisbank shown strength during last trading hour in spite of adverse market conditions. It shows hammer candle at daily chart. This is normally very bullish signal.
Buy AXISBANK future at 1333-1337 and Buy 1300 PUT @ 14-17. Enter in both trades simultaneously.
Target for future will be 1350/1360.
Once future reaches 1350/1360, exit from both Future and Option.
SL 1285. If it touches 1285, exit from both. Or before end of the day exit anyway and let us not wait till DMK's ultimatum.
Disclaimer: This blog does not take any responsibility of your profit/loss
One can hold Ranbaxy strategy till expiry. This strategy is showing marginal loss.
Book profit/partial profit in all CALL sell positions recommended so far.
PFC gave another opportunity to book profit/break-even. Let us hope it gives descent profit. It will be very risky to hold 190 PUT as this stock has very strong support at 181/178.5 level. If this support breaks then there could be free fall. Unfortunately this option is not very liquid and there is always lot of difference between bid price and offer price. Better to set limit.
Broader market might show sign of recovery tomorrow. But as long as it is below 5790, it is sell on rise market. Huge selling by FII, problem with Government and no new trigger to take another jump shall bring back market to 5650 level in near term. However, tomorrow it could try to cross 5775/80.
Strategy for tomorrow, and this is only for tomorrow.
Axisbank shown strength during last trading hour in spite of adverse market conditions. It shows hammer candle at daily chart. This is normally very bullish signal.
Buy AXISBANK future at 1333-1337 and Buy 1300 PUT @ 14-17. Enter in both trades simultaneously.
Target for future will be 1350/1360.
Once future reaches 1350/1360, exit from both Future and Option.
SL 1285. If it touches 1285, exit from both. Or before end of the day exit anyway and let us not wait till DMK's ultimatum.
Disclaimer: This blog does not take any responsibility of your profit/loss
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