World markets are in red. NIFTY will look at INFOSYS results for next direction. IIP numbers will be announced after market hours, but some smart traders would know them already and will plan trades accordingly at flag end of the trading session today. So be with the trend,and expect volatility after 2 PM.
It is very easy to get caught at wrong side of the market.
RELINFRA was one of that example. If caught in wrong side book loss in 410 PUT sell option and sell 380 or 390 PUTs to maintain credit balance in your trading account.
INFOSYS:
Today after results IV will go down by end of the session and if there is at least Rs. 2000 profit, then exit from the strategy or hold till Monday.
Maruti:
Book profit in PUT sell contract.
IDFC:
Book profit in 120 CALL sell contract.
NIFTY
Hold 6000 and 5900 PUT contracts
Disclosure: This blog does not take any responsibility of your profit/loss
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