Yet another day of gap down opening today. Rupee strengthen a bit, intervention of RBI, news on FDI policy and due to all this we might see 40/50 point gap up opening tomorrow. It may not sustain though as there are many negative news. Market will worry more about rate hike as next policy step by RBI and banking stocks will be under pressure.
FII continued selling but bought lot in options, and this is tricky. One would never know whether they are buying CALLs or PUTs. But OI is growing for 5800 PUTs and 5900 PUTs phenomenally. If this continues for next two days, bearishness in market will persist.
I hold same view, positive on IT, Pharma, FMCG and negative on banking, Real estate, metals and some auto-stocks who are not exposed to export markets.
HOLD TCS 1620 CALL, Reliance 920 CALL, SBI 1800 PUT, SAIL 45 PUT
Buy DLF 160 PUT between 2-2.50.
Buy SBI PUTs at every rise in cash segment.
Buy ITC 365 CALL between 4.90-5.20. Book profit at 6.35/6.75. Trade for next two days.
Book profit in Bajaj-Auto.
Exit Reliance 920 CALL sell if profit was not booked earlier.
Disclaimer: This blog does not take any responsibility of your profit/loss
FII continued selling but bought lot in options, and this is tricky. One would never know whether they are buying CALLs or PUTs. But OI is growing for 5800 PUTs and 5900 PUTs phenomenally. If this continues for next two days, bearishness in market will persist.
I hold same view, positive on IT, Pharma, FMCG and negative on banking, Real estate, metals and some auto-stocks who are not exposed to export markets.
HOLD TCS 1620 CALL, Reliance 920 CALL, SBI 1800 PUT, SAIL 45 PUT
Buy DLF 160 PUT between 2-2.50.
Buy SBI PUTs at every rise in cash segment.
Buy ITC 365 CALL between 4.90-5.20. Book profit at 6.35/6.75. Trade for next two days.
Book profit in Bajaj-Auto.
Exit Reliance 920 CALL sell if profit was not booked earlier.
Disclaimer: This blog does not take any responsibility of your profit/loss
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