Book profit in BOI strategies.
NIFTY is consolidating. FIIs bought in huge quantities yesterday and still seem to be very confident of upside potential. If they continue to do so even today, then it is better to exit from all short positions.
Change in OI more than 630,000 in 8400 PUTs yesterday, shows very strong support. Also since 8400 PUT was being traded at around 50 by close of the day, suggests clearly smart option traders do not think NIFTY would go below 8350 in the short term.
Crude is going down. It might go further down too. Unfortunately our strategy based on crude is not paying off very well, ie buy Apollotyre and sell Cairn. I am holding Apollotyre CALL buy position and CAIRN sell position hoping movements in desired directions!
No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss
NIFTY is consolidating. FIIs bought in huge quantities yesterday and still seem to be very confident of upside potential. If they continue to do so even today, then it is better to exit from all short positions.
Change in OI more than 630,000 in 8400 PUTs yesterday, shows very strong support. Also since 8400 PUT was being traded at around 50 by close of the day, suggests clearly smart option traders do not think NIFTY would go below 8350 in the short term.
Crude is going down. It might go further down too. Unfortunately our strategy based on crude is not paying off very well, ie buy Apollotyre and sell Cairn. I am holding Apollotyre CALL buy position and CAIRN sell position hoping movements in desired directions!
No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss
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