Update:
Book profit in TCS.
NIFTY
In March first week NIFTY went up by 400 points.
In April first week NIFTY went up by 300 points.
In May by end of fist week and first day of second week NIFTY covered 400 points.
In June first week saw a rise of 400 points
Now it is time in July?
Will NIFTY go up by 400 points this week ahead of budget?
NIFTY continued 5th wave.
But could be capped around 7660-7680 in this month. See chart
If it crosses 7700 one should be careful about any OTM sell position. Better to book loss then.
Today volumes were low in spite of 100 points gain.
Bank NIFTY did not participate to an extent it should.
One can sell 16600 CALL between 90-100.
You will notice in chart BN is near lower bottom of channel and will take long time to break upper trend line.
This is reasonably safe strategy.
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profit in TCS.
NIFTY
In March first week NIFTY went up by 400 points.
In April first week NIFTY went up by 300 points.
In May by end of fist week and first day of second week NIFTY covered 400 points.
In June first week saw a rise of 400 points
Now it is time in July?
Will NIFTY go up by 400 points this week ahead of budget?
NIFTY continued 5th wave.
But could be capped around 7660-7680 in this month. See chart
If it crosses 7700 one should be careful about any OTM sell position. Better to book loss then.
Today volumes were low in spite of 100 points gain.
Bank NIFTY did not participate to an extent it should.
One can sell 16600 CALL between 90-100.
This is reasonably safe strategy.
Disclaimer: This blog does not take any responsibility of your profit/loss
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