This seems to be short term bull run now. But resistance is approaching.
Book profit in DLF strategy. Exit from both 160 CALL and 110 PUT.
Hold TATAMOTORS strategy, of 280 future sell of September and 280 August CALL buy. This strategy is making about 5000/- loss presently, but still worth holding.
Exit TCS at cost.
SBI 1550 PUT: Exit around 48-50.
Hold RELINFRA 370 CALL sell till it crosses 17 or 375 in cash. Everyday stock is going up by 10/20 Rupees and one might even see this level tomorrow. Risk taker can hold as stock has given very good run up , this could be only technical bounce and may not be a value buying. Normally in this situation, investors will not hold such a stock, this must be mere trading and traders will start booking profit soon.
Sell RELINFRA 410 CALL between 2-2.25.
It is important to note FII turned buyers since yesterday, perhaps another bull run is on the card, better to exit all bear positions for sometime and sit on cash till next week. There is no fundamental reason for market to go up, but at least four times market has gone up from 5500- 5550 level. It did it again. If it crosses 5750/5760 tomorrow then we can see another 200/300 points upside in NIFTY in August.
Those who would like to hedge short positions can buy NIFTY 5800 CALL between 54 and 55.5. If NIFTY crosses 5725 then only 5800 CALL will be above 54 and that could be the right entry. But please understand this is only for hedging as market is already in strong resistance arena and might start correcting unless there is some other trigger for up-move.
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profit in DLF strategy. Exit from both 160 CALL and 110 PUT.
Hold TATAMOTORS strategy, of 280 future sell of September and 280 August CALL buy. This strategy is making about 5000/- loss presently, but still worth holding.
Exit TCS at cost.
SBI 1550 PUT: Exit around 48-50.
Hold RELINFRA 370 CALL sell till it crosses 17 or 375 in cash. Everyday stock is going up by 10/20 Rupees and one might even see this level tomorrow. Risk taker can hold as stock has given very good run up , this could be only technical bounce and may not be a value buying. Normally in this situation, investors will not hold such a stock, this must be mere trading and traders will start booking profit soon.
Sell RELINFRA 410 CALL between 2-2.25.
It is important to note FII turned buyers since yesterday, perhaps another bull run is on the card, better to exit all bear positions for sometime and sit on cash till next week. There is no fundamental reason for market to go up, but at least four times market has gone up from 5500- 5550 level. It did it again. If it crosses 5750/5760 tomorrow then we can see another 200/300 points upside in NIFTY in August.
Those who would like to hedge short positions can buy NIFTY 5800 CALL between 54 and 55.5. If NIFTY crosses 5725 then only 5800 CALL will be above 54 and that could be the right entry. But please understand this is only for hedging as market is already in strong resistance arena and might start correcting unless there is some other trigger for up-move.
Disclaimer: This blog does not take any responsibility of your profit/loss
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