Lot of things happening suddenly along with monsoon winds.
RBI decision yesterday evening gave boost to banking and infrastructure. But news broke yesterday afternoon resulted up move in infra and banking shares.
Government cleared many FDI projects today evening. But it seems traders came to know about it today afternoon and NIFTY moved substantially post noon today.
Tomorrow could be something else.
This is clearly a sign of managed market by insider trading and one can not expect anything else when we have business-pro Government!! We might see such activities more in future.It will be insider trader's market for next few years.
Most safe trades in such scenario could be selling OTM CALLs and PUTs.
Update:
RELINFRA double top pattern did not work at all.
Better to exit and make up loss by selling 840 CALL. This trade is safe till RELINFRA crosses 812 in cash.
NIFTY.
Nothing has changed in earlier view.
NIFTY will not go beyond 7850 before this month expiry.
Sell NIFTY 7850 CALL between 22-25.
One would easily get chance to execute this trade with possible gap up opening tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
RBI decision yesterday evening gave boost to banking and infrastructure. But news broke yesterday afternoon resulted up move in infra and banking shares.
Government cleared many FDI projects today evening. But it seems traders came to know about it today afternoon and NIFTY moved substantially post noon today.
Tomorrow could be something else.
This is clearly a sign of managed market by insider trading and one can not expect anything else when we have business-pro Government!! We might see such activities more in future.It will be insider trader's market for next few years.
Most safe trades in such scenario could be selling OTM CALLs and PUTs.
Update:
RELINFRA double top pattern did not work at all.
Better to exit and make up loss by selling 840 CALL. This trade is safe till RELINFRA crosses 812 in cash.
NIFTY.
Nothing has changed in earlier view.
NIFTY will not go beyond 7850 before this month expiry.
One would easily get chance to execute this trade with possible gap up opening tomorrow.
Disclaimer: This blog does not take any responsibility of your profit/loss
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