Now lot depends on IIP data, inflation data and finally RBI policy on June 17. Market is now in oversold region. Not much down side to be expected from here.
I am still holding LT and TCS.
Look for exit opportunities in LT, today NIFTY took dip of about 80 points but LT managed to close in green. There seems be a lot of strength in the stock and hence risky in holding LT bear position. Normally, it does not happen, it is considered to be high beta stock.
If tomorrow it goes near 1380/1375, it is time to exit.
Hold TCS. It shown first sign of weakness today. Hold SBI strategy till policy announcement.
Lottery stock: Buy DLF 160 PUT @ 0.70-0.90.
DLF has strong support @ 170 region. It should not be broken, but if in case non-favorable RBI policy for real estate, it could go below 170, and then it has no support.
So very good profit potential and risk is only Rs. 700/900
Disclaimer: This blog does not take any responsibility of your profit/loss
I am still holding LT and TCS.
Look for exit opportunities in LT, today NIFTY took dip of about 80 points but LT managed to close in green. There seems be a lot of strength in the stock and hence risky in holding LT bear position. Normally, it does not happen, it is considered to be high beta stock.
If tomorrow it goes near 1380/1375, it is time to exit.
Hold TCS. It shown first sign of weakness today. Hold SBI strategy till policy announcement.
Lottery stock: Buy DLF 160 PUT @ 0.70-0.90.
DLF has strong support @ 170 region. It should not be broken, but if in case non-favorable RBI policy for real estate, it could go below 170, and then it has no support.
So very good profit potential and risk is only Rs. 700/900
Disclaimer: This blog does not take any responsibility of your profit/loss
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