Market going up, I thought of gap down opening but it was gap up!
Just hold all positions till expiry or till targets.
SAIL: Target 3.10
LT 920 August PUT: Target 65/66
DISHTV : Target 1.70
Ranbaxy 320 PUT Target 5.50
SBI 1800 PUT : Target 35. This is very difficult to happen now. Lot of shorts were build up in banknifty and upon assurance of our PM about no rate cut, banking started participation in NIFTY rally from last two days. It might continue till expiry.
Since fundamentals are not changing this rally does not seem to have steam, but gap up openings taking it upward. There is rarely a follow up moment during the day. Today there was huge buying by FIIs, maybe they bought enough for gap up opening.
Disclaimer: This blog does not take any responsibility of your profit/loss
Just hold all positions till expiry or till targets.
SAIL: Target 3.10
LT 920 August PUT: Target 65/66
DISHTV : Target 1.70
Ranbaxy 320 PUT Target 5.50
SBI 1800 PUT : Target 35. This is very difficult to happen now. Lot of shorts were build up in banknifty and upon assurance of our PM about no rate cut, banking started participation in NIFTY rally from last two days. It might continue till expiry.
Since fundamentals are not changing this rally does not seem to have steam, but gap up openings taking it upward. There is rarely a follow up moment during the day. Today there was huge buying by FIIs, maybe they bought enough for gap up opening.
Disclaimer: This blog does not take any responsibility of your profit/loss
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