It is nice to be on correct side of the trend. Most of the trades in this month are in the right direction. TCS gave chance of profit booking today which we missed, hope to get one more chance tomorrow, keep tight SL of 18, book profit at 50. Rupee went down during closing hours today and this should assist stock specific very positive move in TCS tomorrow.
If NIFTY opens around 6060/65 or below then it could reach 6020/6025.
It is interesting to note in spite of consecutive 5 trading declines in index, there is lot of addition in 6000 and 6100 PE. This clearly means very soon up-move is expected. Otherwise one would have seen unwinding at 6000/6100 levels today in option table. If there is unwinding during first two hours of trade tomorrow, then NIFTY would go much below 5900 in next couple of days. This is an important indicator to follow.
FIIs are shorting in future but they are still buying in cash.
Keep booking profits in PUT buy contracts. One can hold SBI till Wednesday afternoon, ie till results. Exit DLF, HCLTECH and book profit if not done today.
AMBUJACEM
Buy 170 PUT around 2.50-2.75. Target 3.40/6.10/7.25, in two/three days. SL 1.25
Disclaimer: This blog does not take any responsibility of your profit/loss
If NIFTY opens around 6060/65 or below then it could reach 6020/6025.
It is interesting to note in spite of consecutive 5 trading declines in index, there is lot of addition in 6000 and 6100 PE. This clearly means very soon up-move is expected. Otherwise one would have seen unwinding at 6000/6100 levels today in option table. If there is unwinding during first two hours of trade tomorrow, then NIFTY would go much below 5900 in next couple of days. This is an important indicator to follow.
FIIs are shorting in future but they are still buying in cash.
Keep booking profits in PUT buy contracts. One can hold SBI till Wednesday afternoon, ie till results. Exit DLF, HCLTECH and book profit if not done today.
AMBUJACEM
Buy 170 PUT around 2.50-2.75. Target 3.40/6.10/7.25, in two/three days. SL 1.25
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment