Now market is being steered by Bernanke.
Rupee stabilized below 60 and market movers were searching for some other cues and they found one 10000 miles away, Mr. Bernanke, US Fed Chairman. His speech can not do much to US indices but our market could react positively after learning some flexibility in tapering.
For us no significant new positions, keep an eye on SAIL, book profit if 45 PUT option goes near 3.3/3.4. Steel companies are withdrawing investments from India and pose more difficulties in near future.
Reliance 920 CALL, wait for results or book profit in the range of 32-35.
SBIN 1800 PUT Hold
TCS 1620 CALL: Hold till results. TCS might cross 1720/1740 and that could be the time to exit 1620 CALL option.
ITC option: Book profit.
Risk takers can buy RANBAXY 310 PUT between 1.70-2.00. Stock could again fall near 303/305 in cash, book profit then. This month Ranbaxy always took other direction than recommended but this time if someone is willing to risk about Rs. 800-1000, it is worth taking risk.
Disclaimer: This blog does not take responsibility of your profit/loss
Rupee stabilized below 60 and market movers were searching for some other cues and they found one 10000 miles away, Mr. Bernanke, US Fed Chairman. His speech can not do much to US indices but our market could react positively after learning some flexibility in tapering.
For us no significant new positions, keep an eye on SAIL, book profit if 45 PUT option goes near 3.3/3.4. Steel companies are withdrawing investments from India and pose more difficulties in near future.
Reliance 920 CALL, wait for results or book profit in the range of 32-35.
SBIN 1800 PUT Hold
TCS 1620 CALL: Hold till results. TCS might cross 1720/1740 and that could be the time to exit 1620 CALL option.
ITC option: Book profit.
Risk takers can buy RANBAXY 310 PUT between 1.70-2.00. Stock could again fall near 303/305 in cash, book profit then. This month Ranbaxy always took other direction than recommended but this time if someone is willing to risk about Rs. 800-1000, it is worth taking risk.
Disclaimer: This blog does not take responsibility of your profit/loss
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