All parameters are still negative. FII sold in cash. Today after market hours there was a strong rumor about CRR cut and increase in interest rates for NRI accounts to attract foreign investments,
Banking stocks might react negatively to this CRR rumor tomorrow and BankNifty will be sell on rise mode.
Moreover if Rupee depreciation continues BN will go to 10650 before expiry. This is not a suggestion new trades in BN, but one can hold on to earlier bear positions.
Keep averaging NIFTY 6300 (August expiry) and 6400 (September expiry) CALL options.
Possibility of gap down opening can not be ignored.
No new trades for iOptionTrade.
Set targets as below
SAIL 45 PUT : 3.10
Ranbaxy 310 PUT : 6.00
DISHTV 55 PUT: 1.75
Kindly book profits at every support if you have multiple lots and don't wait for final the target. For those who have only one lot it is advisable to exit with 20/25% profit per trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
Banking stocks might react negatively to this CRR rumor tomorrow and BankNifty will be sell on rise mode.
Moreover if Rupee depreciation continues BN will go to 10650 before expiry. This is not a suggestion new trades in BN, but one can hold on to earlier bear positions.
Keep averaging NIFTY 6300 (August expiry) and 6400 (September expiry) CALL options.
Possibility of gap down opening can not be ignored.
No new trades for iOptionTrade.
Set targets as below
SAIL 45 PUT : 3.10
Ranbaxy 310 PUT : 6.00
DISHTV 55 PUT: 1.75
Kindly book profits at every support if you have multiple lots and don't wait for final the target. For those who have only one lot it is advisable to exit with 20/25% profit per trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
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