As usual market is doing what is unexpected. Rupee is not stabilizing, inflation is high, GDP growth expected below 5% but NIFTY is touching new high every day or at least reluctant to close below previous day's close. It is not closing below 5800-5820. Suddenly 5800-5820 has become buying range for traders. This is bullish signal.
So one should not miss the boat if NIFTY moves upward after Friday's RBI meeting in spite of all odds.
Buy 6000 CALL in the range of 55-60.
Axis Bank:
This stock has risen quickly from 790 levels to 1100/- in spite of investors knowing all the issues!
If market cracks after Friday these kind of stocks could go back to their original levels with more speed than they grew.
Buy Axis Bank 1000 PUT at around 20-25. Target for the day will be around 42, or hold till RBI announcement.
Disclaimer: This blog does not take any responsibility of your profit/loss
So one should not miss the boat if NIFTY moves upward after Friday's RBI meeting in spite of all odds.
Buy 6000 CALL in the range of 55-60.
Axis Bank:
This stock has risen quickly from 790 levels to 1100/- in spite of investors knowing all the issues!
If market cracks after Friday these kind of stocks could go back to their original levels with more speed than they grew.
Buy Axis Bank 1000 PUT at around 20-25. Target for the day will be around 42, or hold till RBI announcement.
Disclaimer: This blog does not take any responsibility of your profit/loss
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