RBI Governor, Bernanke, Rupee and now our PM. Our PM gave a statement that RBI is not going to hike the rates, perhaps he was indicating at policy meeting of RBI on July 30. Maybe he/his party-men are long on NIFTY/BANKNIFTY!
I don't know whether SEBI or anybody else can take actions on such guided statement. Of course, he can talk on GDP growth, inflation, BOP and other issues but in my view he should not make any remarks on RBI future policy. RBI is sovereign body and capable to taking own decisions and there must process in place in RBI for rates adjustments and policy decisions. So I wonder to assure industry, whether Mr. Singh in his capacity of PM is qualified to talk on RBI policy.
But now there is a possibility that market could react positively on Monday on PM's judgmental comments. However, if Rupee starts falling down again from tomorrow then market might slide.
Recommendations given on this blog about TCS and SBI turned our trading accounts in green this week.
Hold SBI 1800 PUT
Hold SAIL 45 PUT. It is in the money (ITM) now and hopefully should give good profit.
Last week is of lottery option trades. One must select options where implied volatility is very high which increases probability of successful trades.
But do invest from the profit gained so far. If for some reason you are yet to make profit this month, stay away from below recommended lottery trades. These options could become zero and entire investment could go waste.
Lottery trades:
Buy KTKBANK 100 PUT between 1.60-1.80. Total investment will be about 3200/3600. But if KTKBANK goes below 98 in next two/three trading sessions it does not have downside support.
Buy DISHTV 55 PUT between 0.50-0.75.
Maximum investment Rs. 2500-3000 but has very good profit potential. It could close around 50 in this series expiry and since lot size is big, it could fetch good profit (more than 15/20 K) in reasonably small investment.
Again word of caution, invest in these trades only from profits generated in this month.
Kindly visit the link for trades so far.
Disclaimer: This blog does not take any responsibility of your profit/loss
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