Book profit in SBI CALL
NIFTY is moving in pattern, forms flag patter periodically. It could give new breakout any day. Maybe traders will wait today for Fed announcement due tonight, but it seems more or less everybody is convinced about usual dovish stand by FED and pumping in money in equity markets all over the world.
If Yellen does not do anything and decides to follow Bernanke's foot prints, markets will cheer that and on Monday, NIFTY will cross 8050 otherwise it could again retest 7600 before expiry, prior to it's further up-move. (See chart).
EOD close below 7840-7850 could indicate start of a mild down-trend.
To trade this view,
buy NIFTY 8000 CALL around 15-16 and 7750 PUT around 10. A small investment of Rs. 1200 could fetch descent profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
NIFTY is moving in pattern, forms flag patter periodically. It could give new breakout any day. Maybe traders will wait today for Fed announcement due tonight, but it seems more or less everybody is convinced about usual dovish stand by FED and pumping in money in equity markets all over the world.
If Yellen does not do anything and decides to follow Bernanke's foot prints, markets will cheer that and on Monday, NIFTY will cross 8050 otherwise it could again retest 7600 before expiry, prior to it's further up-move. (See chart).
EOD close below 7840-7850 could indicate start of a mild down-trend.
To trade this view,
buy NIFTY 8000 CALL around 15-16 and 7750 PUT around 10. A small investment of Rs. 1200 could fetch descent profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment