Wednesday, 9 October 2013

Update, INFY

NIFTY will soon cross 6100. Maybe it will do it tomorrow looking at bullish engulfing candlestick pattern formed today on daily chart with very high volume.

But now it is advisable to book profit in bullish positions in our portfolio.

Contract              Buying price                 Present value                          Profit/loss/lot
NIFTY 6150         55                                 95                                          +2000
BN 9800              440                               184                                        -6400
DLF 130              9                                   1.55                                      -7450
TCS 2200            20                                 49.50                                      +7250
Jindal 230            9                                   2.30                                       -6700             
Aurobindo            6.10                               5.85                                      +0
Hero 2100           60                                  59                                         -750
SBI 1600             55                                   58                                        +250

NIFTY  6500 CALL of November expiry: Sell 6500 NIFTY calls in the range of 60-75 tomorrow and day after tomorrow. 

INFY: Everybody is bullish on INFOSYS. Stock markets are known for unexpected results.
Buy INFY 2500 PUT at around 20-25 as a counter-trade. Risk reward ratio could be very good. 


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

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