Tomorrow is perfect day again for gap up opening. We might see this time and again now till FIIs are playing with our markets. They saw some downside and bought huge in all segments on Friday.
As usual they will take again this rally higher by another 100/150 points.
Do not short in this market unless NIFTY closes below 6050 on closing basis. Lot of addition in open interest of 6000 PUT again. But PCR is still below 1. However, SGXNIFTY and US indices are up and these things will ensure gap up opening.
Normally nowadays markets do trade flat or come down after gap up opening. Tomorrow, it could be function of movement in Indian Rupee. If Rupee appreciates NIFTY will cross 6150 easily. Buy NIFTY future if NIFTY spot crosses 6140 in morning session.
Buy RELINFRA 420 CALL between 8.80-9.00.
Ensure you are buying in an up-trend. It closed at 9.80. but due to long weekend tomorrow morning it could open at 8/8.20. Then buy while it is going up in 8.80-9.00 zone and do not enter when it is coming down towards the 8.80-9.00 range.
Target 11.2/13.80
SL 4.7 for tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
As usual they will take again this rally higher by another 100/150 points.
Do not short in this market unless NIFTY closes below 6050 on closing basis. Lot of addition in open interest of 6000 PUT again. But PCR is still below 1. However, SGXNIFTY and US indices are up and these things will ensure gap up opening.
Normally nowadays markets do trade flat or come down after gap up opening. Tomorrow, it could be function of movement in Indian Rupee. If Rupee appreciates NIFTY will cross 6150 easily. Buy NIFTY future if NIFTY spot crosses 6140 in morning session.
Buy RELINFRA 420 CALL between 8.80-9.00.
Ensure you are buying in an up-trend. It closed at 9.80. but due to long weekend tomorrow morning it could open at 8/8.20. Then buy while it is going up in 8.80-9.00 zone and do not enter when it is coming down towards the 8.80-9.00 range.
Target 11.2/13.80
SL 4.7 for tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
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