A perfect expiry day for Option Trader.
Your account is having credit balance already.The lottery stocks are in the money (ITM) . Remaining contracts are also ITM such as SAIL, SBIN.
Ranbaxy 310 PUT might generate profit, so as DISHTV.
SBIN
SBI seems to me, forming a base near 1780-1810 region. If it breaks this base, it will go down till 1650 levels, obviously it may not happen tomorrow! But if SBI sustains this level, it is good buy for medium term.
Buy SBI with three/six months view near 1820-1830 for target about 1950. SL 1770.
For our usual option trade business, hold on to all positions, if you get chance to latch on to good profit on any of the remaining contracts depending upon your greed or satisfaction just do it. It is a bonus.
RBI squeezed about Rs 40000 Cr. from the market, there is sudden lack of liquidity to curb Rupee depreciation. In a manner it is giving equal effect as that of CRR cut as mentioned by SBI Chairman. This is tightening of supply of Rupee. In a process Rupee will gain strength for some time. Exporters will now sell dollars, fearing further weakness in dollar.
We are not entering in to any new trades, though there are plenty of opportunities for tomorrow. As I mentioned in beginning a perfect expiry day for any Option Trader. Just sit back, relax, enjoy volatility of the expiry day.
Disclaimer: This blog does not take any responsibility of your profit/loss
Your account is having credit balance already.The lottery stocks are in the money (ITM) . Remaining contracts are also ITM such as SAIL, SBIN.
Ranbaxy 310 PUT might generate profit, so as DISHTV.
SBIN
SBI seems to me, forming a base near 1780-1810 region. If it breaks this base, it will go down till 1650 levels, obviously it may not happen tomorrow! But if SBI sustains this level, it is good buy for medium term.
Buy SBI with three/six months view near 1820-1830 for target about 1950. SL 1770.
For our usual option trade business, hold on to all positions, if you get chance to latch on to good profit on any of the remaining contracts depending upon your greed or satisfaction just do it. It is a bonus.
RBI squeezed about Rs 40000 Cr. from the market, there is sudden lack of liquidity to curb Rupee depreciation. In a manner it is giving equal effect as that of CRR cut as mentioned by SBI Chairman. This is tightening of supply of Rupee. In a process Rupee will gain strength for some time. Exporters will now sell dollars, fearing further weakness in dollar.
We are not entering in to any new trades, though there are plenty of opportunities for tomorrow. As I mentioned in beginning a perfect expiry day for any Option Trader. Just sit back, relax, enjoy volatility of the expiry day.
Disclaimer: This blog does not take any responsibility of your profit/loss
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