In case of prior Government, if they would have declined to sign Trade Facilitation Agreement, it would have indicated clearly negative sentiments to export driven businesses and NIFTY would have opened gap down by at least 100 points.
But media management is so good by this Government, everyone on social media is favoring Modi Government for tough stand and one should not be surprised to see gap up opening of at least 50 points.
Major financial newspapers and financial websites have not given enough coverage to this news and are considering it as an insignificant event.
But it would be advisable to stay away from export driven industries especially Pharma and IT at least from short term investment perspective. For long term, or for one year horizon, nothing has changed so far.
For those who have not taken earlier lottery trades and would like to risk about Rs. 1000/- from the monthly income, could buy 7750 PUT around 18-20. It could be cheaper with gap up opening. Just buy for today and try to book profit quickly.
Nowadays general trend is NIFTY opens with gap up, corrects by 40-50 points and after 2 PM goes up and closes in green at EOD. Book profit even if you could see 7750 PUT trades around 30-35. Don't wait. If you do trades in multiple lots, book profit in half quantity and adjust trailing SL to 18-20.
AUROPHARMA:
Buy 660 PUT around 3/-. But if you have earned profit in this month. First protect profit of the month and then only enter in these kind of trades.
In chart, you will notice AUROPHARMA has given breakout. It is always bouncing back from icimoku cloud. It could go to 650 levels if breaks cloud based on news on Trade agreement.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment