PFC gave profit booking opportunity today.
Ranbaxy is still going up and it is better to exit the strategy with small loss. Or book profit in PUT sell contract.
There are not many trading days left for this series. Two holidays in next week and one is before expiry. FII continued selling, today after about six months they sold heavily in cash segment too. This is not good sign for bulls. Tomorrow as long as NIFTY is below 5700 one can keep selling NIFTY with SL 5720 in spot.
Buy NIFTY 5600 PUT @ 18-20, target 32/35. Maximum loss could be about 900-1000/lot.
NIFTY will find it difficult to go below 5615. Now also it is in oversold region. Hence, it will try to cross 5750 tomorrow if it goes above 5720 with gap up opening.
However, it is better to book full profit in all short positions (even in stocks) for this series if NIFTY touches 5615.
Buy Bhartiartl 260 PUT at 1.10-1.30, target 2.65. There are some issues with management,arrest of company officials and stock is under sharp correction. It has broken all resistances by now. If you can buy two lots, book profit in one lot @ 2.65 and let other stay till expiry. It can go further down. It is lottery ticket, might give good returns in very low risk in this highly volatile market.
Reliance can do well due to decision today in next four trading days and if broader market supports it can see level of 870/880 in near future. In this falling market, real investors will find stocks where they can invest for long term and stocks like Reliance will benefit.
Buy Reliance 840 CALL of April expiry in the range of 22-23 and sell 860 CALL of April expiry in the range of 14-15.
Maximum loss could be around 1750-2000 and maximum profit could be around 3750-4000 at April expiry.
Disclaimer: This blog does not take any responsibility of your profit/loss
Ranbaxy is still going up and it is better to exit the strategy with small loss. Or book profit in PUT sell contract.
There are not many trading days left for this series. Two holidays in next week and one is before expiry. FII continued selling, today after about six months they sold heavily in cash segment too. This is not good sign for bulls. Tomorrow as long as NIFTY is below 5700 one can keep selling NIFTY with SL 5720 in spot.
Buy NIFTY 5600 PUT @ 18-20, target 32/35. Maximum loss could be about 900-1000/lot.
NIFTY will find it difficult to go below 5615. Now also it is in oversold region. Hence, it will try to cross 5750 tomorrow if it goes above 5720 with gap up opening.
However, it is better to book full profit in all short positions (even in stocks) for this series if NIFTY touches 5615.
Buy Bhartiartl 260 PUT at 1.10-1.30, target 2.65. There are some issues with management,arrest of company officials and stock is under sharp correction. It has broken all resistances by now. If you can buy two lots, book profit in one lot @ 2.65 and let other stay till expiry. It can go further down. It is lottery ticket, might give good returns in very low risk in this highly volatile market.
Reliance can do well due to decision today in next four trading days and if broader market supports it can see level of 870/880 in near future. In this falling market, real investors will find stocks where they can invest for long term and stocks like Reliance will benefit.
Buy Reliance 840 CALL of April expiry in the range of 22-23 and sell 860 CALL of April expiry in the range of 14-15.
Maximum loss could be around 1750-2000 and maximum profit could be around 3750-4000 at April expiry.
Disclaimer: This blog does not take any responsibility of your profit/loss
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