After 7th August NIFTY has not fallen for three consecutive days. It may not do it tomorrow. All ingredients are in place for an up-move.
ECB has shown signs of no rate cut and European and US markets went up. NIFTY is on long time support trend-line. SGX NIFTY has already crossed 6275.
Keep an eye on Rupee before market opens at 9 AM. If it goes near 63 tomorrow, NIFTY could see lower levels. It has to go below 6190 in cash for clear break-out towards 6000.
Book profit in SBI put option.
Keep booking profits in CALL sell contracts of November expiration.
If NIFTY goes near 6300 again tomorrow, sell some more NIFTY calls of November expiry.
Sell TATAMOTORS 440 CALL at Rs. 5/5.50. If market goes up, one would able to get this level.
Sell Ranbaxy 470 CALL at around 4.50/5.00
Sell RELINFRA 540 CALL at around Rs. 2.00/2.20
Disclaimer: This blog does not take any responsibility of your profit/loss
ECB has shown signs of no rate cut and European and US markets went up. NIFTY is on long time support trend-line. SGX NIFTY has already crossed 6275.
Keep an eye on Rupee before market opens at 9 AM. If it goes near 63 tomorrow, NIFTY could see lower levels. It has to go below 6190 in cash for clear break-out towards 6000.
Book profit in SBI put option.
Keep booking profits in CALL sell contracts of November expiration.
If NIFTY goes near 6300 again tomorrow, sell some more NIFTY calls of November expiry.
Sell TATAMOTORS 440 CALL at Rs. 5/5.50. If market goes up, one would able to get this level.
Sell Ranbaxy 470 CALL at around 4.50/5.00
Sell RELINFRA 540 CALL at around Rs. 2.00/2.20
Disclaimer: This blog does not take any responsibility of your profit/loss
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