Nothing changed today.
Very good macro data will take NIFTY 60/70 point higher immediately. SGX NIFTY is already up by 25 points. NIFTY could till touch 7800 as thought yesterday.
If NIFTY goes near 7725 based on IIP and CIP data, 7850 CALL will be around 75-80.
Sell 7850 CALL.
Exit 7300 PUT sell contract tomorrow, book profit.
Hold 7700 CALL. even if it is above 100.
Crude is going up. Monsoon is delayed, interest rate reduction seems impossible in near future, budget is till three weeks away and hence there is high likelihood, after today's macro data since there is no more trigger this month, NIFTY might close below 7700 or even 7600.
Risk takers can average 7700 CALL options to maximize profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
Very good macro data will take NIFTY 60/70 point higher immediately. SGX NIFTY is already up by 25 points. NIFTY could till touch 7800 as thought yesterday.
If NIFTY goes near 7725 based on IIP and CIP data, 7850 CALL will be around 75-80.
Sell 7850 CALL.
Exit 7300 PUT sell contract tomorrow, book profit.
Hold 7700 CALL. even if it is above 100.
Crude is going up. Monsoon is delayed, interest rate reduction seems impossible in near future, budget is till three weeks away and hence there is high likelihood, after today's macro data since there is no more trigger this month, NIFTY might close below 7700 or even 7600.
Risk takers can average 7700 CALL options to maximize profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
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