NIFTY is making new high everyday.
CAD broadens today, if NIFTY goes up even after this bad news we are heading towards 8400.
RSI 14 d is above 94, extremely overbought and hence NIFTY could correct by 100 points in next couple of days.
Sell NIFTY 7700 CALL in the range of 380-400. Hold till weekend.
Reliance strategy:
Book profit, more than 2% gain in a day in bull spread and more than 4% in Future and CALL buy strategies, just pocket it.
DLF
Hold for couple days more.
It has reversed from the support. If it goes up tomorrow, and closes above day high today, then better to exit strategy at a marginal loss.
Disclaimer: This blog does not take any responsibility of your profit/loss
CAD broadens today, if NIFTY goes up even after this bad news we are heading towards 8400.
RSI 14 d is above 94, extremely overbought and hence NIFTY could correct by 100 points in next couple of days.
Reliance strategy:
Book profit, more than 2% gain in a day in bull spread and more than 4% in Future and CALL buy strategies, just pocket it.
DLF
Hold for couple days more.
It has reversed from the support. If it goes up tomorrow, and closes above day high today, then better to exit strategy at a marginal loss.
Disclaimer: This blog does not take any responsibility of your profit/loss
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