It seems market will keep going up and but now investment could shift to other stocks which had not performed so far. Investors will look for cost effective opportunities now.
Exit Axisbank 1250 CALL sold around 48, book profit.
Sell some CALLs in first week
LT
Stock is in real bull run. It should face very strong resistance in the range of 1020/1030.
Sell 1080 CALL of November expiry in the range of 6.80-8.00
Axisbank
It will be extremely difficult for Axisbank to cross 1400 before November expiry.
Sell Axisbank 1400 CALL at around Rs. 7/-
Tatamotors
Sell Tatamotors 440 CALL between 3.50-3.80.
Tatamotors has strong trend-line resistance around 430/- so average with some more lots if it goes near 430/-
Relinfra:
This stock has done phenomenally well in last two months. It gave breakout on Friday and should move up. However, it might not go up by another 100 Rupees in next 22 trading sessions.
Sell Relinfra 540 CALL at around 2.50/-
Average some more lots if you get at higher level during the week.
If you could sell one lot each of above four stocks, approximately margin money required would be about Rs. 150,000/-
However, about Rs. 10000/- to Rs 11000/- will be credited to your account tomorrow. This will be reasonably safe investment as there is less than 10% chance that these stocks will reach to respective levels. This means there is 90% chance that one would make at least Rs. 10000/- (excluding brokerage) on Rs. 150,000 investment.
This will be more than 7 to 8 times the fix deposit interest income in banks.
Disclaimer: This blog does not take any responsibility of your profit/loss
Exit Axisbank 1250 CALL sold around 48, book profit.
Sell some CALLs in first week
LT
Stock is in real bull run. It should face very strong resistance in the range of 1020/1030.
Sell 1080 CALL of November expiry in the range of 6.80-8.00
Axisbank
It will be extremely difficult for Axisbank to cross 1400 before November expiry.
Sell Axisbank 1400 CALL at around Rs. 7/-
Tatamotors
Sell Tatamotors 440 CALL between 3.50-3.80.
Tatamotors has strong trend-line resistance around 430/- so average with some more lots if it goes near 430/-
Relinfra:
This stock has done phenomenally well in last two months. It gave breakout on Friday and should move up. However, it might not go up by another 100 Rupees in next 22 trading sessions.
Sell Relinfra 540 CALL at around 2.50/-
Average some more lots if you get at higher level during the week.
If you could sell one lot each of above four stocks, approximately margin money required would be about Rs. 150,000/-
However, about Rs. 10000/- to Rs 11000/- will be credited to your account tomorrow. This will be reasonably safe investment as there is less than 10% chance that these stocks will reach to respective levels. This means there is 90% chance that one would make at least Rs. 10000/- (excluding brokerage) on Rs. 150,000 investment.
This will be more than 7 to 8 times the fix deposit interest income in banks.
Disclaimer: This blog does not take any responsibility of your profit/loss
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