Nothing moves right except good monsoon, Rupee is weak, RBI rate hike threat is existing, global markets are not doing well, none of the macro numbers for the month were great, but NIFTY is moving up. Today it conclusively crossed 6000.
FIIs were seller in cash but bought in F & O segment. Lot of open interest in 5900 PUTs. NIFTY resistance in 6075-6095 range. Perhaps gap up opening will take NIFTY in that band and shall stay there for sometime.
TCS posted good results. But stock has very strong resistance at 1740 level.
It is better to book profit now in TCS, if it goes up tomorrow. If it touches 1740 TCS option will reach to 125. Book profit
Book profit in Reliance 920 CALL, if not booked earlier. Exit if Reliance goes 920-923 in cash. Don't wait till results.
Ranbaxy as usual maintained the trend of moving in opposite direction of recommendation. Hold.
SAIL: Hold
Sell NIFTY 6400 CALL of August expiry at market price/about 25-30.
Sell NIFTY 6400 CALL of September expiry in 60-70 range.
If NIFTY goes in the range of 6090, Buy 6100 PUT of NIFTY or 11300/11400 PUT of BankNifty and hold till Tuesday.
Disclaimer: This blog does not take any responsibility of your profit/loss
FIIs were seller in cash but bought in F & O segment. Lot of open interest in 5900 PUTs. NIFTY resistance in 6075-6095 range. Perhaps gap up opening will take NIFTY in that band and shall stay there for sometime.
TCS posted good results. But stock has very strong resistance at 1740 level.
It is better to book profit now in TCS, if it goes up tomorrow. If it touches 1740 TCS option will reach to 125. Book profit
Book profit in Reliance 920 CALL, if not booked earlier. Exit if Reliance goes 920-923 in cash. Don't wait till results.
Ranbaxy as usual maintained the trend of moving in opposite direction of recommendation. Hold.
SAIL: Hold
Sell NIFTY 6400 CALL of August expiry at market price/about 25-30.
Sell NIFTY 6400 CALL of September expiry in 60-70 range.
If NIFTY goes in the range of 6090, Buy 6100 PUT of NIFTY or 11300/11400 PUT of BankNifty and hold till Tuesday.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment