NIFTY tried hard not close in red on third day but could not do so on rumor of S &P downgrade. ECB cut rate and market may bounce back tomorrow on expectations of more liquidity. Surprisingly in spite of rate cut by ECB, till this time US markets are down and Singapore NIFTY is in slight red.
On this background one can sell NIFTY with strict SL 6245 in spot. Or buy 6100 PUTs and say in trade until NIFTY crosses 6245. Keep booking profit at every 20 points by adjusting trailing SL.
TCS
Rupee started going down again and if it crosses 63/$, IT companies would benefit. This is no brainer.
Buy TCS 2150 CALL option of November expiry around 40-43.
Lot size is now 125 so total investment could be around 5000/-
Book profit at 52/53 levels.
Disclaimer: This blog does not take any responsibility of your profit/loss
On this background one can sell NIFTY with strict SL 6245 in spot. Or buy 6100 PUTs and say in trade until NIFTY crosses 6245. Keep booking profit at every 20 points by adjusting trailing SL.
TCS
Rupee started going down again and if it crosses 63/$, IT companies would benefit. This is no brainer.
Buy TCS 2150 CALL option of November expiry around 40-43.
Lot size is now 125 so total investment could be around 5000/-
Book profit at 52/53 levels.
Disclaimer: This blog does not take any responsibility of your profit/loss
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