Tomorrow could be the most important day for bears. If everything goes good for bears then market is set for at least 50 points gap down opening tomorrow.
Dow is down till this time, Singapore NIFTY is down after knowing IIP data, Gold is up, Rupee is in down trend, seven consecutive days are in down trend for NIFTY, PCR is about 1 and NIFTY today crossed very crucial 6020 level.
All eyes will be on SBI, if it does not stop at 1652/1645 levels tomorrow, it could see 1580 post results.
In spite of all negativity FIIs turned buyers today in cash and as well as in futures. So smart money started shifting focus, Lot of brave traders are adding open interest in 6000 PUTs, indicate expiry for this month could be above 6000. Perhaps there is an expectation that our FM will able to bring lot more liquidity from FIIs in near future by relaxing norms/FEMA rules for them and this will again take NIFTY towards 6300.
But being a trader look for tomorrow.
Hold Ambuja Cement.
Book loss in TCS call contract, it is not performing as expected. Exit at around 18-20 levels.
Book profit in SBI after result. if it goes down till 1580 post result 1600 PUT would touch 65/66. It is advisable to book profit in one lot near 47/48, by then in cash SBI would be about 1615/1620. If SBI gives surprise, market would get boost and shall change the trend.
Book profit in DLF.
JP ASSOCIAT
Buy 40 PUT @ 0.80 Target 1.25/1.40
Disclaimer: This blog does not take any responsibility of your profit/loss
Dow is down till this time, Singapore NIFTY is down after knowing IIP data, Gold is up, Rupee is in down trend, seven consecutive days are in down trend for NIFTY, PCR is about 1 and NIFTY today crossed very crucial 6020 level.
All eyes will be on SBI, if it does not stop at 1652/1645 levels tomorrow, it could see 1580 post results.
In spite of all negativity FIIs turned buyers today in cash and as well as in futures. So smart money started shifting focus, Lot of brave traders are adding open interest in 6000 PUTs, indicate expiry for this month could be above 6000. Perhaps there is an expectation that our FM will able to bring lot more liquidity from FIIs in near future by relaxing norms/FEMA rules for them and this will again take NIFTY towards 6300.
But being a trader look for tomorrow.
Hold Ambuja Cement.
Book loss in TCS call contract, it is not performing as expected. Exit at around 18-20 levels.
Book profit in SBI after result. if it goes down till 1580 post result 1600 PUT would touch 65/66. It is advisable to book profit in one lot near 47/48, by then in cash SBI would be about 1615/1620. If SBI gives surprise, market would get boost and shall change the trend.
Book profit in DLF.
JP ASSOCIAT
Buy 40 PUT @ 0.80 Target 1.25/1.40
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment