NIFTY consolidated, just 10 points in red is no bear signal.
FIIs again did huge buying. Market will find any reason soon for 100 points gain during the day. One of the low hanging reason is decreasing commodity prices. Gold, silver, copper all are trading at multi-year low. This should help Government and RBI to cool inflation and reduce interest rates.
This could be the reason in spite of NIFTY closing in red, Bank NIFTY refused to make any lower low and closed in green.
Hold all CALL sell positions.
Hold IFCI PUT
HDFC:
Buy 1060 HDFC CALL around 15-17, Target 21-24 for one or two days. If one could buy multiple lots, keep booking profit at regular intervals then it has potential to touch 50/-
Disclaimer: This blog does not take any responsibility of your profit/loss.
FIIs again did huge buying. Market will find any reason soon for 100 points gain during the day. One of the low hanging reason is decreasing commodity prices. Gold, silver, copper all are trading at multi-year low. This should help Government and RBI to cool inflation and reduce interest rates.
This could be the reason in spite of NIFTY closing in red, Bank NIFTY refused to make any lower low and closed in green.
Hold all CALL sell positions.
Hold IFCI PUT
HDFC:
Buy 1060 HDFC CALL around 15-17, Target 21-24 for one or two days. If one could buy multiple lots, keep booking profit at regular intervals then it has potential to touch 50/-
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