Book profit in NIFTY PUT Buy options. NIFTY may not go further south, it might touch 5620 but below 5622 in my view will be extremely difficult in this series. This view will negate if there is gap down opening tomorrow and NIFTY opens much below 5620 tomorrow morning. Then there will be further downside.
Still I will prefer exit all short positions now.
DLF 260 PUT, NIFTY 5700 PUT, 5600 PUT, LT 1400 PUT, PFC 190 PUT everywhere this is time to book profit if you have not booked so far. Sit on cash for next four trading days.
Exit Ranbaxy strategy at small loss.
Reliance strategy for next month, on first day it has definitely not done well as broader market not supported Reliance but still plenty of time to go and one can hold.
Buy IFCI 22.50 PUT @ 0.15. Maximum investment only Rs. 1200. IFCI is in down trend and if NIFTY slowly goes towards 5620/5600 level 22.50 PUT can go up to 0.35. One can book profit or can hold if at last day of this series trading if NIFTY falls again, IFCI can give very good profit. It has strong support around 24 (option price will become 0.35), if it breaks then it can quickly go to 21. It is worth taking risk if your monthly profit permits buying of lottery ticket worth Rs 1200/-
Disclaimer: This blog does not take responsibility of your profit/loss
Still I will prefer exit all short positions now.
DLF 260 PUT, NIFTY 5700 PUT, 5600 PUT, LT 1400 PUT, PFC 190 PUT everywhere this is time to book profit if you have not booked so far. Sit on cash for next four trading days.
Exit Ranbaxy strategy at small loss.
Reliance strategy for next month, on first day it has definitely not done well as broader market not supported Reliance but still plenty of time to go and one can hold.
Buy IFCI 22.50 PUT @ 0.15. Maximum investment only Rs. 1200. IFCI is in down trend and if NIFTY slowly goes towards 5620/5600 level 22.50 PUT can go up to 0.35. One can book profit or can hold if at last day of this series trading if NIFTY falls again, IFCI can give very good profit. It has strong support around 24 (option price will become 0.35), if it breaks then it can quickly go to 21. It is worth taking risk if your monthly profit permits buying of lottery ticket worth Rs 1200/-
Disclaimer: This blog does not take responsibility of your profit/loss
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