Today was consolidation day as expected and profit booking can continue tomorrow.
One may see even slight gap down opening, but eventually market may continue positive momentum for some time. As long as NIFTY is above 5810 there are hopes that NIFTY will go up.
Hold IFCI, book profit in IDFC.
Ranbaxy: I have to bite bullet and exit PUT buy, I learned on ET that FDA stated that there are no GMP violations and such issues with Ranbaxy plants! This is surprising, as same FDA issued 483 for Mohali plant few days ago. I surf FDA website but could not find any such comment. Perhaps it is true and stock will go up.
There is still merit in holding OTM PUT options (eg 270) of Ranbaxy, but exit if you have PUT bought 300 PUT option.
Heromotocorp:
Heromotocorp followed other auto companies with bad sale numbers and stock plunged today. It is still above ichimoku cloud and one can hold 1700 option with reduced target of 38.
In such market it is better to sell CALL options and ensure small profits.These are really very low risk strategies.
Reliance:
Stock has moved up phenomenally in past few days. It has strong resistance around 900.
Sell Reliance 960 CALL at around 4.00-4.50
One can easily pocket Rs. 1000/- over next 20-25 days with an investment of 30,000-35,000 depending upon margin money your broker would charge.
Those who want to take more risk can sell 920 CALL between 11-12.
Maruti
Auto numbers are bad.
Sell 1750 CALL between 8-9.
Maruti is trading at 1560-1580 range. It is unlikely it will cross 1750 before expiry. One can earn 2000/- in next 20 days without raising adrenaline levels. Investment could be about Rs. 40000/- as margin money. Place limit orders as these contracts are not very liquid.
Tatamotors:
Sell Tatamotors 330 CALL at around 1.00-1.20
Within next 20 days you will be richer by Rs. 1000-1200 (excluding brokerage).
If you could sell at least one lot each of above options, total margin money could be around Rs. 100,000 and tomorrow your account will be credited by approximately Rs. 4000/-. So accounting for brokerage and other expenses, over this 100,000 investment in next 20/25 days you will able to earn about 3500/-, this is more than 5 times bank FD interest rates. Risk reward ratio is very promising.
Disclaimer: This blog does not take any responsibility of your profit/loss
One may see even slight gap down opening, but eventually market may continue positive momentum for some time. As long as NIFTY is above 5810 there are hopes that NIFTY will go up.
Hold IFCI, book profit in IDFC.
Ranbaxy: I have to bite bullet and exit PUT buy, I learned on ET that FDA stated that there are no GMP violations and such issues with Ranbaxy plants! This is surprising, as same FDA issued 483 for Mohali plant few days ago. I surf FDA website but could not find any such comment. Perhaps it is true and stock will go up.
There is still merit in holding OTM PUT options (eg 270) of Ranbaxy, but exit if you have PUT bought 300 PUT option.
Heromotocorp:
Heromotocorp followed other auto companies with bad sale numbers and stock plunged today. It is still above ichimoku cloud and one can hold 1700 option with reduced target of 38.
In such market it is better to sell CALL options and ensure small profits.These are really very low risk strategies.
Reliance:
Stock has moved up phenomenally in past few days. It has strong resistance around 900.
Sell Reliance 960 CALL at around 4.00-4.50
One can easily pocket Rs. 1000/- over next 20-25 days with an investment of 30,000-35,000 depending upon margin money your broker would charge.
Those who want to take more risk can sell 920 CALL between 11-12.
Maruti
Auto numbers are bad.
Sell 1750 CALL between 8-9.
Maruti is trading at 1560-1580 range. It is unlikely it will cross 1750 before expiry. One can earn 2000/- in next 20 days without raising adrenaline levels. Investment could be about Rs. 40000/- as margin money. Place limit orders as these contracts are not very liquid.
Tatamotors:
Sell Tatamotors 330 CALL at around 1.00-1.20
Within next 20 days you will be richer by Rs. 1000-1200 (excluding brokerage).
If you could sell at least one lot each of above options, total margin money could be around Rs. 100,000 and tomorrow your account will be credited by approximately Rs. 4000/-. So accounting for brokerage and other expenses, over this 100,000 investment in next 20/25 days you will able to earn about 3500/-, this is more than 5 times bank FD interest rates. Risk reward ratio is very promising.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment