Indian markets do over react. Inflation numbers took NIFTY 100 points up in a single day. Time and again 6140-6160 level is acting as huge support and 6310-6340 level is strong resistance. One can see tomorrow NIFTY reverse from resistance zone or stay there for some time.
Book profits in 6000/5900 PUT sell option contracts.
Ranbaxy:
This company has same problems, there are FDA issues, investors are still believing in company, probably betting on buy back from parent company.
Sell 500 CALL between 3.20-3.50.
LT:
It shown bounce back today due to oversold conditions. It will be difficult for stock to cross 1080 before expiry.
Sell LT 1080 CALL between 7.30-7.80
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profits in 6000/5900 PUT sell option contracts.
Ranbaxy:
This company has same problems, there are FDA issues, investors are still believing in company, probably betting on buy back from parent company.
Sell 500 CALL between 3.20-3.50.
LT:
It shown bounce back today due to oversold conditions. It will be difficult for stock to cross 1080 before expiry.
Sell LT 1080 CALL between 7.30-7.80
Disclaimer: This blog does not take any responsibility of your profit/loss
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