Technical analysis:
NIFTY closed at all time high.
If it crosses 7810 level tomorrow, it will easily go towards 7900 before budget and on budget day it will cross 8200. It will give clear breakout if close on July 10 is above 8000.
Till then keep averaging NIFTY 8000 or 8100 CALL option contracts.
Stick to defensive stocks.
AUROPHARMA
Sell 700 PUT between 7 and 8.
It is highly unlikely stock will go below 730 this month.
Disclaimer: This blog does not take any responsibility of your profit/loss
NIFTY closed at all time high.
If it crosses 7810 level tomorrow, it will easily go towards 7900 before budget and on budget day it will cross 8200. It will give clear breakout if close on July 10 is above 8000.
Stick to defensive stocks.
AUROPHARMA
Sell 700 PUT between 7 and 8.
It is highly unlikely stock will go below 730 this month.
Disclaimer: This blog does not take any responsibility of your profit/loss
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