For June 19, 2014
One should have booked profit in all Option contracts suggested so far.
NIFTY
You will notice NIFTY will be around lower channel support around 7515-7520 and could bounce back, if Iraq issue dilutes and FOMC outcome is not surprising tonight. If it goes below 7505 one can see further dip of 40-50 points quickly. Level 7480-7470 also to be watched, it had not broken in recent past.
One should have booked profit in all NIFTY CALL and PUT options today.
DLF
It is again approaching support 202-200.
Book profit in 170 PUT
RELINFRA
Fallen from top and provided profit booking opportunity.
Those who had missed it still can hold and book profit tomorrow or day after tomorrow. It is highly unlikely stock will cross 860 before expiry this month.
TATAMOTORS
It was suggested to book profit yesterday. Those who have not done so, could do it tomorrow.
OIL
Keep an eye on oil price. Everything depends on whether oil breaks 105.70 or crosses 107 tomorrow. Lot of sentiments are revolving around oil.
In former case NIFTY will again go near 7625 tomorrow and in later case it will dip towards 7450. Pure sentiments will be backed by some profit booking,
If oil goes up NIFTY will go down and vice versa.
Let us not take any new trade tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
One should have booked profit in all Option contracts suggested so far.
NIFTY
You will notice NIFTY will be around lower channel support around 7515-7520 and could bounce back, if Iraq issue dilutes and FOMC outcome is not surprising tonight. If it goes below 7505 one can see further dip of 40-50 points quickly. Level 7480-7470 also to be watched, it had not broken in recent past.
One should have booked profit in all NIFTY CALL and PUT options today.
It is again approaching support 202-200.
Book profit in 170 PUT
Fallen from top and provided profit booking opportunity.
Those who had missed it still can hold and book profit tomorrow or day after tomorrow. It is highly unlikely stock will cross 860 before expiry this month.
It was suggested to book profit yesterday. Those who have not done so, could do it tomorrow.
OIL
Keep an eye on oil price. Everything depends on whether oil breaks 105.70 or crosses 107 tomorrow. Lot of sentiments are revolving around oil.
In former case NIFTY will again go near 7625 tomorrow and in later case it will dip towards 7450. Pure sentiments will be backed by some profit booking,
If oil goes up NIFTY will go down and vice versa.
Let us not take any new trade tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
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