In midst of mixed LT results market might cross today's top tomorrow. In general, trend is up, and hence market could disregard somewhat negative results of LT, especially their top line. There could be possibility that short covering could take LT around 1040-1050 in cash during early morning tomorrow and it will be the time to sell 1100 CALL.
LT
Sell 1100 CALL between 5 and 7.
NIFTY
Keep selling NIFTY 6450 CALLs. Today there was good opportunity to sell 6450 CALL around 17-18. Maybe one would get this chance tomorrow also.
Even with RBI policy review on January 28, it could be extremely difficult for NIFTY to cross 6450 before expiry. Today NIFTY gave break out at 6340 but could not close above it.
One may exit this CALL sell positions in next two/three days if trade is not moving in favorable direction.
Bhartiartl:
Those who missed to book profit today can do so tomorrow morning.
JP Associate:
Lottery trade and one can do so if profits of this month permit to enter into this trade.
This stock had beaten down in past few days and showing some sign of recovery again in last couple of days. It is still in oversold region and has potential to touch 54/55 mark in next 4/5 trading sessions.
Buy 52.5 CALL between 0.20-0.25.
Disclaimer: This blog does not take any responsibility of your profit/loss
LT
Sell 1100 CALL between 5 and 7.
NIFTY
Keep selling NIFTY 6450 CALLs. Today there was good opportunity to sell 6450 CALL around 17-18. Maybe one would get this chance tomorrow also.
Even with RBI policy review on January 28, it could be extremely difficult for NIFTY to cross 6450 before expiry. Today NIFTY gave break out at 6340 but could not close above it.
One may exit this CALL sell positions in next two/three days if trade is not moving in favorable direction.
Bhartiartl:
Those who missed to book profit today can do so tomorrow morning.
JP Associate:
Lottery trade and one can do so if profits of this month permit to enter into this trade.
This stock had beaten down in past few days and showing some sign of recovery again in last couple of days. It is still in oversold region and has potential to touch 54/55 mark in next 4/5 trading sessions.
Buy 52.5 CALL between 0.20-0.25.
Disclaimer: This blog does not take any responsibility of your profit/loss
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