Hold NIFTY PUTs
Book profit in TATAMOTORS CALL Sell contract.
Hold Apollotyre 240 CALL, don't average to reduce the cost
Tomorrow again could be replica of today, ie gap down opening and closing near day's high. WIP was zero, everyone has started expecting rate cut. Good for BN today. Perhaps nothing will happen after actual rate cut next year but anxiety of rate cut could take NIFTY up to 8600 in January/February 2015.
However, in short term all looks negative. Trade deficit has widened. Rupee is depreciating. It indicates some inflation is creeping in system and rate cut could be on card but may not happen immediately.
Global markets are negative and could be indicative of mini-recession.
It is better to book profit and sit on cash for sometime. One can see very strong resistance around 8300.
In short, no new trades. One can add NIFTY PUTs for this week and keep booking profits at regular intervals.
Disclaimer: This blog does not take any responsibility of your profit/loss.
Book profit in TATAMOTORS CALL Sell contract.
Hold Apollotyre 240 CALL, don't average to reduce the cost
Tomorrow again could be replica of today, ie gap down opening and closing near day's high. WIP was zero, everyone has started expecting rate cut. Good for BN today. Perhaps nothing will happen after actual rate cut next year but anxiety of rate cut could take NIFTY up to 8600 in January/February 2015.
However, in short term all looks negative. Trade deficit has widened. Rupee is depreciating. It indicates some inflation is creeping in system and rate cut could be on card but may not happen immediately.
It is better to book profit and sit on cash for sometime. One can see very strong resistance around 8300.
In short, no new trades. One can add NIFTY PUTs for this week and keep booking profits at regular intervals.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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