Monday, 5 August 2013

Buy PUTs

Buy PUTs. This seems to be Sell on Rise market.
Buy 5600 Put in the range of 70-80. Start booking profit from 90 onward.
Buy BHEL 100 Put between 3.00-3.35.
FII sold today. PCR is just near 1, it could go to 0.8 and it means 70/80 points dip in NIFTY likely.
But very soon NIFTY will be in oversold region and could show bounce upto 5850.

Hold all CALL sell position. TCS is not in mood to show any correction, going up by 1 to 1.5% daily. If TCS crosses 1900 with this speed then there is reason for concern and it is advisable to book loss.

Disclaimer: This blog does not take any responsibility of your profit/loss

No comments:

Post a Comment