We entered in last week of the month but still our trading account is far away from becoming green.
"Hope" rally, "NAMO" rally, "pre-election" rally, whatever you name it is still not weakening though lost some strength over past week.
On Friday FIIs bought huge worth more than 4000 cr and DII sold more than 4000 cr, it could be mere roll over effect. Interestingly all those who will vote do not seem to believe in growth theory post election but FIIs are having strong belief about progress of India. This is not good sign and if FIIs start withdrawing as they did only two months ago, one would not find buyers and prices will drop.
As an investor it is good time to exit and book profit wherever possible or reduce losses in old stocks, take money off the table.
We are not taking any new trade again this week.
One can buy RELIANCE 900 PUT if he/she gets it between 10-12
Buy LT 1180 PUT between 3 and 4
Buy TATASTEEL 370 CALL between 3-4.
Disclaimer: This blog does not take any responsibility of your profit/loss
"Hope" rally, "NAMO" rally, "pre-election" rally, whatever you name it is still not weakening though lost some strength over past week.
On Friday FIIs bought huge worth more than 4000 cr and DII sold more than 4000 cr, it could be mere roll over effect. Interestingly all those who will vote do not seem to believe in growth theory post election but FIIs are having strong belief about progress of India. This is not good sign and if FIIs start withdrawing as they did only two months ago, one would not find buyers and prices will drop.
As an investor it is good time to exit and book profit wherever possible or reduce losses in old stocks, take money off the table.
We are not taking any new trade again this week.
One can buy RELIANCE 900 PUT if he/she gets it between 10-12
Buy LT 1180 PUT between 3 and 4
Buy TATASTEEL 370 CALL between 3-4.
Disclaimer: This blog does not take any responsibility of your profit/loss
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