This month is bad so far. Trading account is in red and hope to recover some loss during last eventful (RBI policy and corporate results) week ahead.
Lottery trades:
IDFC:
Stock is near supply zone.
Buy IDFC 100 PUT between 1.30-1.50. If there is some adverse announcement by RBI Governor, this stock could crash. Perhaps 25 basis point rate cut is already prized-in but if Repo rate cut by 50 points then banking stocks could correct.
DLF:
Let us also prepare a strategy for no rate cut in this policy.
All rate sensitives will find new peaks.
DLF is high beta stock and it could quickly reach 170 levels in an vent of no rate cut.
Buy DLF 160 Call between 1.20-1.50.
Disclaimer: This blog does not take any responsibility of your profit/loss
Lottery trades:
IDFC:
Stock is near supply zone.
Buy IDFC 100 PUT between 1.30-1.50. If there is some adverse announcement by RBI Governor, this stock could crash. Perhaps 25 basis point rate cut is already prized-in but if Repo rate cut by 50 points then banking stocks could correct.
DLF:
Let us also prepare a strategy for no rate cut in this policy.
All rate sensitives will find new peaks.
DLF is high beta stock and it could quickly reach 170 levels in an vent of no rate cut.
Buy DLF 160 Call between 1.20-1.50.
Disclaimer: This blog does not take any responsibility of your profit/loss
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