NIFTY is slowly factoring election outcome. Markets are not cheap now so very huge upward movement in NIFTY of say 200 points after election outcome is unlikely.
Use this scenario for selling CALL options. Auto as a sector is suddenly not doing well, in fact in election year Auto should have done well. So book profits quickly when you are gaining more than 2% on your investments.
Tatamotors
Sell TATAMOTORS 410 CALL between 13.5-14.5.
NIFTY
Sell NIFTY 6600 CALLs between 33-36
Disclaimer: This blog does not take any responsibility of your profit/loss.
Use this scenario for selling CALL options. Auto as a sector is suddenly not doing well, in fact in election year Auto should have done well. So book profits quickly when you are gaining more than 2% on your investments.
Tatamotors
Sell TATAMOTORS 410 CALL between 13.5-14.5.
NIFTY
Sell NIFTY 6600 CALLs between 33-36
Disclaimer: This blog does not take any responsibility of your profit/loss.
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