NIFTY
NIFTY took support and went up for no real reason today. Now one has to watch earlier 7570-7580 level. As long as it stays above this level, one can see further heights.
Todays move was not expected by many. If this trend continues tomorrow NIFTY will go near 7900 before expiry.
If NIFTY crosses 7720 tomorrow, exit 7800 CALL at marginal loss and Sell 7900 CALL for this month expiry.
NIFTY today continued trend of deceiving bears. It happened time and again from first week of March. So be very careful. It comes down by 4/5% and covers everything within a day. Bears are trapped.
RELINFRA
Hold.
This is a beauty of OTM CALL sell game.
As expected RELINFRA went up by about RS. 40 after crossing 727 mentioned yesterday, but 860 CALL is trading around same level.
TATAMOTORS
Hold, nothing changed so far, or keep booking profits as premium goes down.
Both trades of TATAMOTORS are in profit and one can book profit.
It is better to add RELINFRA 860 CALL by exiting TATAMOTORS.
DLF
Book profit in 170 PUT.
We sold at 1.20 and now trading around .40. Handsome profit of Rs. 1600/- in couple of days.
Disclaimer: This blog does not take any responsibility of your profit or loss
NIFTY took support and went up for no real reason today. Now one has to watch earlier 7570-7580 level. As long as it stays above this level, one can see further heights.
Todays move was not expected by many. If this trend continues tomorrow NIFTY will go near 7900 before expiry.
If NIFTY crosses 7720 tomorrow, exit 7800 CALL at marginal loss and Sell 7900 CALL for this month expiry.
NIFTY today continued trend of deceiving bears. It happened time and again from first week of March. So be very careful. It comes down by 4/5% and covers everything within a day. Bears are trapped.
RELINFRA
Hold.
This is a beauty of OTM CALL sell game.
As expected RELINFRA went up by about RS. 40 after crossing 727 mentioned yesterday, but 860 CALL is trading around same level.
TATAMOTORS
Hold, nothing changed so far, or keep booking profits as premium goes down.
Both trades of TATAMOTORS are in profit and one can book profit.
It is better to add RELINFRA 860 CALL by exiting TATAMOTORS.
DLF
Book profit in 170 PUT.
Disclaimer: This blog does not take any responsibility of your profit or loss
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