Hold YESBANK strategy. One can book profit in CALL sell contract of YESBANK and hold other positions.
Reliance:
Reliance broke long term support line with high volume and it could slide down further.
Market must support for Reliance to cross 900. If NIFTY goes beyond 8790 in near future, Reliance could take off, otherwise it will fall further or will consolidate in present range.
Sell Reliance 900 CALL of April expiration around Rs. 6/- one can do in 2 lots.
SAIL
SAIL has given clear break out in falling markets.
It could give some more upside.
Even in bear market 65 acted as rock solid support.
Sell 65 PUT of SAIL of April expiration around 1.30-1.40
Disclaimer: This blog does not take any responsibility of your profit/loss
Reliance:
Reliance broke long term support line with high volume and it could slide down further.
Sell Reliance 900 CALL of April expiration around Rs. 6/- one can do in 2 lots.
SAIL has given clear break out in falling markets.
It could give some more upside.
Even in bear market 65 acted as rock solid support.
Sell 65 PUT of SAIL of April expiration around 1.30-1.40
Disclaimer: This blog does not take any responsibility of your profit/loss
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