Entire seven day loss could be covered in just three trading sessions!
Do not short in this market at least for another 70/75 points rise.
Many times this happens nowadays due to public holiday in India. There is lot of foreign money presently flowing in Indian equity. Tons of money is pumped in on Indian public holiday in SGXNIFTY and as a result our NIFTY opens with substantial gap up. Then one sees buying continues throughout the day.
FII bought huge today and DII sold. Only FIIs are making money by toying our markets. There is no retail participation. When retail will start participating market will fall and domestic investor could be strangled in bull trap.
Don't buy any bluechip stock in cash segment.
Also Rupee is supporting, today it appreciated nearly 1.3% and helped NIFTY movement. If Rupee strengthens further NIFTY Spot will reach to 6260/6270 level by end of the day. About 80% retracement from last fall will complete at around 6260 and if market has to correct, then it will correct from these levels.
NIFTY 6300 CALL will be in the range of 57/63 at that time.
Sell NIFTY 6300 CALL only if you get it above 60. This will be very safe. Even if NIFTY goes beyond 6360 before expiry, it will close around 6300 and one will able to keep the premium.
Those who want to take lesser risk sell 6400 CALL only if you get it above 25.
This is very safe and one can sell as many 6400 CALL (only if you get at 25) and enjoy low risk income.
Update on short straddle:
Book profit in NIFTY 5750 PUT and average 6250 CALL throughout the day tomorrow.
Buy FSL in cash at current level.
Buy TVS Motors in cash at current levels with six to nine months view for at least 20% more trading upside.
Disclaimer: This blog does not take any responsibility of your profit/loss
Do not short in this market at least for another 70/75 points rise.
Many times this happens nowadays due to public holiday in India. There is lot of foreign money presently flowing in Indian equity. Tons of money is pumped in on Indian public holiday in SGXNIFTY and as a result our NIFTY opens with substantial gap up. Then one sees buying continues throughout the day.
FII bought huge today and DII sold. Only FIIs are making money by toying our markets. There is no retail participation. When retail will start participating market will fall and domestic investor could be strangled in bull trap.
Don't buy any bluechip stock in cash segment.
Also Rupee is supporting, today it appreciated nearly 1.3% and helped NIFTY movement. If Rupee strengthens further NIFTY Spot will reach to 6260/6270 level by end of the day. About 80% retracement from last fall will complete at around 6260 and if market has to correct, then it will correct from these levels.
NIFTY 6300 CALL will be in the range of 57/63 at that time.
Sell NIFTY 6300 CALL only if you get it above 60. This will be very safe. Even if NIFTY goes beyond 6360 before expiry, it will close around 6300 and one will able to keep the premium.
Those who want to take lesser risk sell 6400 CALL only if you get it above 25.
This is very safe and one can sell as many 6400 CALL (only if you get at 25) and enjoy low risk income.
Update on short straddle:
Book profit in NIFTY 5750 PUT and average 6250 CALL throughout the day tomorrow.
Buy FSL in cash at current level.
Buy TVS Motors in cash at current levels with six to nine months view for at least 20% more trading upside.
Disclaimer: This blog does not take any responsibility of your profit/loss
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