MARUTI and TATASTEEL

Market may try and consolidate.  It will go up at least till expiry. It will be very volatile week and expect unexpected.

Maruti

Remain in trade with positive bias. Applying Wolfe Wave theory Maruti should take target of 1420-1440 in short time. Buy Maruti 1300 CALL in the range of 30-35. Those who are already in this trade better to hold Book part profit in the range of 50/56. Final target around 100-105!

https://docs.google.com/file/d/0B7ZW-6KNaQjsc2VBOVcwdzJtTDA/edit
https://docs.google.com/file/d/0B7ZW-6KNaQjsZlpITkpucnVQUDg/edit?usp=sharing

Tatasteel Bull spread strategy

It has given clear breakout from channel. Trading around 285. It is about to cross ichimoku cloud on daily chart. See the link.

Buy 295 CALL at around 3 and sell 305 CALL between 1 to 1.30.
Maximum loss could be 2000/- and maximum profit potential about 8000/-
Those who would can risk Rs. 3000/- can buy TATASTEEL around Rs. 3/-. Book profit at Rs. 4.50/5.00

https://docs.google.com/file/d/0B7ZW-6KNaQjsYkFYWTVfclY5dE0/edit?usp=sharing

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