Last month was exceptionally bad. Portfolio strategy miserably failed and we could never recover from that. Moreover, sell on rise strategy did not work at all throughout the month.
We missed opportunity to make money in this stock specific and NIFTY specific rally.
Now to salvage the situation, first someone should pay us, who can that be other than market.
NIFTY is near all time high and could keep going higher too. No one will able to predict. Markets move on three things 1. Liquidity 2. Sentiments and 3. Fundamentals. There is lot of liquidity. Due to tapering delay it will continue for some time, I don't think sentiments are bullish of Indian investors (FIIs are buying with very short term perspective) and fundamentals are far away from where they should be.
It is seen that after FOMC meeting global markets are going down and investors are only coming to India. This can not be the truth and hence healthy correction is due.
NIFTY
Sell two lots (or in multiple of two lots) of NIFTY 6100 CALL between 270-290 of November expiry. This will provide coverage till NIFTY crosses 6370-6390 and this is reasonably safe.
Sell two lots (or in multiple of two lots) of NIFTY 6500 CALL between 110-120 of December expiry. This will provide coverage till NIFTY crosses 6610-6620 and this is reasonably safe too.
Moreover these four lots will credit your account by Rs 36000/-.to Rs. 39000/- tomorrow! And at least for time being trading account will look good!!
We can book profit in one lot and then continue with other lot till respective expiry dates, if market condition favors us.
Axisbank:
Sell AXISBANK 1250 Call between 45-50.This will also add another 11000/- in your account tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
We missed opportunity to make money in this stock specific and NIFTY specific rally.
Now to salvage the situation, first someone should pay us, who can that be other than market.
NIFTY is near all time high and could keep going higher too. No one will able to predict. Markets move on three things 1. Liquidity 2. Sentiments and 3. Fundamentals. There is lot of liquidity. Due to tapering delay it will continue for some time, I don't think sentiments are bullish of Indian investors (FIIs are buying with very short term perspective) and fundamentals are far away from where they should be.
It is seen that after FOMC meeting global markets are going down and investors are only coming to India. This can not be the truth and hence healthy correction is due.
NIFTY
Sell two lots (or in multiple of two lots) of NIFTY 6100 CALL between 270-290 of November expiry. This will provide coverage till NIFTY crosses 6370-6390 and this is reasonably safe.
Sell two lots (or in multiple of two lots) of NIFTY 6500 CALL between 110-120 of December expiry. This will provide coverage till NIFTY crosses 6610-6620 and this is reasonably safe too.
Moreover these four lots will credit your account by Rs 36000/-.to Rs. 39000/- tomorrow! And at least for time being trading account will look good!!
We can book profit in one lot and then continue with other lot till respective expiry dates, if market condition favors us.
Axisbank:
Sell AXISBANK 1250 Call between 45-50.This will also add another 11000/- in your account tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
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