Generally market is not dependent on single factor and always there will be multiple forces which will govern the market. However, over past six months, it seems RBI policy and more than rates cut, rumors about rate cut and statements of RBI Governor, other officials and finance minister about policy are moving the market.
It is phenomenal growth of 600 points in NIFTY in just 16 treading sessions without any substantial and structural change in country, this creates many doubts. There is strong possibility that rally will continue on an auspicious day on Monday.
Still it is better to sell Calls. Though mood is positive, I think there should be some healthy correction very soon.
Sell 6500 CALL of June expiry at around 20-22.
Those who have earlier sold 6300 CALL of June expiry could still hold the positions. Or if want to play safe, can square off position at around 60/62 and Sell 6400 CALL Option of July expiry at 65/68 by placing limit order. Please ensure there is credit in your account for this month.
If someone wants to invest for short sell 6400 July expiry CALL at 60/65 will be very good investment.
He will earn Rs. 1800/1900 per lot in just two and half month.
If someone can sell about 8 to 10 lots over Rs. 100,000 investment, he/she will able to earn 18000/20000 in just two and half months.
Risk reward ratio will be very good.
Disclaimer: This blog does not take any responsibility about your profit/loss.
It is phenomenal growth of 600 points in NIFTY in just 16 treading sessions without any substantial and structural change in country, this creates many doubts. There is strong possibility that rally will continue on an auspicious day on Monday.
Still it is better to sell Calls. Though mood is positive, I think there should be some healthy correction very soon.
Sell 6500 CALL of June expiry at around 20-22.
Those who have earlier sold 6300 CALL of June expiry could still hold the positions. Or if want to play safe, can square off position at around 60/62 and Sell 6400 CALL Option of July expiry at 65/68 by placing limit order. Please ensure there is credit in your account for this month.
If someone wants to invest for short sell 6400 July expiry CALL at 60/65 will be very good investment.
He will earn Rs. 1800/1900 per lot in just two and half month.
If someone can sell about 8 to 10 lots over Rs. 100,000 investment, he/she will able to earn 18000/20000 in just two and half months.
Risk reward ratio will be very good.
Disclaimer: This blog does not take any responsibility about your profit/loss.
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