NIFTY is in down trend. FII sold huge again in cash and in F & O.
However, positive global cue could see gap up opening. Whether it will sustain above 8050? I don't think option traders feel that confident of sustaining above 8050 looking at below table.
Lot of unwinding of 8050 PUT and at the same time addition of 8100 CALLs. Resistance is still around 8100+ 20 and support is around 8000 + 20.
Analysing option table, tomorrow's range could be 7980-8065.
One can see PUTs are added more so far, suggests there is lot of bullish tone for the next month.
Strong support according to chart is around 7920. See blue spot.
No new trade in NIFTY tomorrow.
RELINFRA
Stock is in clear down trend.
But it could show dead cat bounce tomorrow.
Look at hammer pattern. So it seems lot of buying interest emerged today.
In OI you would notice lot of CALL unwinding than PUT unwinding.
Stock can rally up to channel at least ie 668-670.
Buy OTM CALL, ie 660 CALL around 1.00-1,50, invest just Rs. 500-600. If trade works it could fetch handsome profit. This is mere lottery trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
However, positive global cue could see gap up opening. Whether it will sustain above 8050? I don't think option traders feel that confident of sustaining above 8050 looking at below table.
Analysing option table, tomorrow's range could be 7980-8065.
One can see PUTs are added more so far, suggests there is lot of bullish tone for the next month.
Strong support according to chart is around 7920. See blue spot.
No new trade in NIFTY tomorrow.
RELINFRA
Stock is in clear down trend.
But it could show dead cat bounce tomorrow.
Look at hammer pattern. So it seems lot of buying interest emerged today.
Stock can rally up to channel at least ie 668-670.
Buy OTM CALL, ie 660 CALL around 1.00-1,50, invest just Rs. 500-600. If trade works it could fetch handsome profit. This is mere lottery trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
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