NIFTY corrected. My favorite indicator RSI is on daily chart is below 70%, would ensure NIFTY would not correct below 8050 tomorrow. New up move towards 8200 could start tomorrow from 8050-8060 range,if NIFTY ever goes there. Broad market, BN were positive today in spite of fall. So lot of liquidity and positive sentiments in market will keep it above 8000-8050 for sure for sometime.
Hold all CALL sell contracts.
Book profit in 7700 CALL sell contract if it goes near 8050.
Premiums are low and it does not give any advantage in CALL or PUT writing.
FIIs are generally buyers in index, today their net sale is marginal negative after huge buying for past 15 days.
IFCI
Those who missed earlier PUT buy contract can buy IFCI 30 PUT around 0.20-0.15.
Book profit around 0.80-1.00
Risk takers could sell future, if IFCI goes below 33.25 in cash.
Disclaimer: This blog does not take any responsibility of your profit/loss
Hold all CALL sell contracts.
Book profit in 7700 CALL sell contract if it goes near 8050.
Premiums are low and it does not give any advantage in CALL or PUT writing.
FIIs are generally buyers in index, today their net sale is marginal negative after huge buying for past 15 days.
IFCI
Those who missed earlier PUT buy contract can buy IFCI 30 PUT around 0.20-0.15.
Book profit around 0.80-1.00
Disclaimer: This blog does not take any responsibility of your profit/loss
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