Market may move down, unless RBI announces some descent measures to boost the sentiments. This possibility can not be ignored as last several occasions in recent past, whenever there was slight downward movement in market, either RBI governor or finance minister made some statements and those helped market. So I strongly believe there is not much downside one can expect from here.
Tomorrow maybe gap down opening as today but during the day, it should recover. Today all major markets in world are down but NIFTY managed to end into green. This is positive sign for bulls.
As regards to old recommendations, it is still worth holding LT and TCS till this weekend at least, before we decide whether to book a loss.
Reduce target of TCS to 48 and LT to 55.
Real estate stocks did well today, DLF performed much better than the index.
However, generally stock is in down trend and below is bear spread strategy for DLF. It could lose ground very soon and rest in the region of 185.
Buy 190 DLF PUT at around 6 and Sell 180 DLF PUT at around 3/-
Maximum loss could be 3000/- whereas profit potential 6000/- if DLF closes below 180 at the time of expiry of this month. It is advisable not to hold positions till expiry and book the profit when you gain more than 2% in the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
Tomorrow maybe gap down opening as today but during the day, it should recover. Today all major markets in world are down but NIFTY managed to end into green. This is positive sign for bulls.
As regards to old recommendations, it is still worth holding LT and TCS till this weekend at least, before we decide whether to book a loss.
Reduce target of TCS to 48 and LT to 55.
Real estate stocks did well today, DLF performed much better than the index.
However, generally stock is in down trend and below is bear spread strategy for DLF. It could lose ground very soon and rest in the region of 185.
Buy 190 DLF PUT at around 6 and Sell 180 DLF PUT at around 3/-
Maximum loss could be 3000/- whereas profit potential 6000/- if DLF closes below 180 at the time of expiry of this month. It is advisable not to hold positions till expiry and book the profit when you gain more than 2% in the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
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