This has been stated several times earlier, but entire uptrend from 5100 (August 2013) to 8640 in last 14 months is FED driven. Indian indices bounced back every time based Bernanke's comments in past and now dancing on tune of Janet Yellen.
NIFTY is entering in to supply zone near 8360-8370 and one shallow correction can be expected.
ONGC is in news and it is set to cross 365-370 in next couple of days.
Based on this one can take following trades.
Buy 8300 NIFTY PUTs in multiple lots around 5-7
Buy 360 ONGC CALL around 3/-
Disclaimer: This blog does not take any responsibility of your profit/loss.
NIFTY is entering in to supply zone near 8360-8370 and one shallow correction can be expected.
ONGC is in news and it is set to cross 365-370 in next couple of days.
Buy 8300 NIFTY PUTs in multiple lots around 5-7
Buy 360 ONGC CALL around 3/-
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment