I reiterate, it is extremely difficult to predict market movement. We only can be strategic to adapt us according to market.
Several things happened after market closer on Friday.
Rupee slipped after perhaps HUL closed books of account till 5 PM on Friday, again there was lot of demand for USD. RBI had to intervene.
Generally USD had become more strong and pairs which are traded maximum in the world viz EUR/USD and USD/JPY turned in favor of USD.
Rating agency downgraded banking and real estate for Indian market. Not good for both sectors.
Crude ended dearer.
US Markets opened flat but closed on positive note.
FII though sold in cash in small amount they bought in F & O segment, this could indicate FIIs are bullish but for very small term. It seems they withdrew heavily from Infosys.
Gold fallen further.
So there are mixed cues, negative for longer term but positive for tomorrow morning session at least.
RCOM:
Stock in news. RCOM is Restructuring and repaying debts. Want to sell real estate, and maybe tomorrow they will inform SEBI about their decision.
Buy 140 CALL between 6.10-6.50 and sell 145 CALL at 4.50-4.95.
Maximum loss could be 6000-7000 depending upon rates at which you will able to enter the trade but has maximum profit potential of about Rs. 12000.
Those who want to take more risk can buy 140 CALL between 6.10-6.50 with SL 3/-, Target 9.50/10/11.5.
If there is some positive trigger after land sale and repayment of debt stock has potential to touch 160 before expiry this month. Keep booking profit with trailing SL.
Exit the strategy once news is out.
INFOSYS:
Next week is result week for INFOSYS.
Though Rupee depreciated by 10% INFOSYS stock had not shown any positive momentum unlike peers. Nothing extraordinary is being expected out of results. There is threat from US due to immigration bill. Up and above if advice is not good on result day stock will again come in the range of 2100, like in last July.
Buy 2300 PUT around 72/- and sell 2000 PUT around 20/-
Maximum loss could be around 6000-6500 but profit potential 30,000/-
One can exit immediately after Infosys results.
Risk takers can risk Rs. 9000/- and buy only 2300 PUT.
Disclaimer: This blog does not take any responsible for your profit/loss.
Several things happened after market closer on Friday.
Rupee slipped after perhaps HUL closed books of account till 5 PM on Friday, again there was lot of demand for USD. RBI had to intervene.
Generally USD had become more strong and pairs which are traded maximum in the world viz EUR/USD and USD/JPY turned in favor of USD.
Rating agency downgraded banking and real estate for Indian market. Not good for both sectors.
Crude ended dearer.
US Markets opened flat but closed on positive note.
FII though sold in cash in small amount they bought in F & O segment, this could indicate FIIs are bullish but for very small term. It seems they withdrew heavily from Infosys.
Gold fallen further.
So there are mixed cues, negative for longer term but positive for tomorrow morning session at least.
RCOM:
Stock in news. RCOM is Restructuring and repaying debts. Want to sell real estate, and maybe tomorrow they will inform SEBI about their decision.
Buy 140 CALL between 6.10-6.50 and sell 145 CALL at 4.50-4.95.
Maximum loss could be 6000-7000 depending upon rates at which you will able to enter the trade but has maximum profit potential of about Rs. 12000.
Those who want to take more risk can buy 140 CALL between 6.10-6.50 with SL 3/-, Target 9.50/10/11.5.
If there is some positive trigger after land sale and repayment of debt stock has potential to touch 160 before expiry this month. Keep booking profit with trailing SL.
Exit the strategy once news is out.
INFOSYS:
Next week is result week for INFOSYS.
Though Rupee depreciated by 10% INFOSYS stock had not shown any positive momentum unlike peers. Nothing extraordinary is being expected out of results. There is threat from US due to immigration bill. Up and above if advice is not good on result day stock will again come in the range of 2100, like in last July.
Buy 2300 PUT around 72/- and sell 2000 PUT around 20/-
Maximum loss could be around 6000-6500 but profit potential 30,000/-
One can exit immediately after Infosys results.
Risk takers can risk Rs. 9000/- and buy only 2300 PUT.
Disclaimer: This blog does not take any responsible for your profit/loss.
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