NIFTY is going up.
It might continue it upward momentum for sometime. Nevertheless, since no major events are around unless there is something extraordinary happens, NIFTY is going to take pause for sometime. It will be range-bound.
A perfect stage for CALL sell strategy in NIFTY
At the same time IT stocks could prosper. Rupee is depreciating and this could benefit IT stocks. No brainer!
Also a stock like JPASSOCIATE, is bottomed out. One might see some buying there. Results will be announced on August 8. All analysts are expecting very poor results and it is reflecting in stock price.
Nevertheless, after a long time stock is trading above 200 D moving average. If it continues to stay above this key average, then it could reach to 14-15 before end of the month.
So strategy for the month or for at least next couple of weeks could be as follows.
Sell 8600 CALLs 100 quantity around Rs. 105-125
Buy 2500 TCS CALL around Rs. 70-80
BUY JPASSOCIATE 12.5 strike price CALL around Rs 0.50/-
Disclaimer: This blog does not take any responsibility of your profit/loss
It might continue it upward momentum for sometime. Nevertheless, since no major events are around unless there is something extraordinary happens, NIFTY is going to take pause for sometime. It will be range-bound.
A perfect stage for CALL sell strategy in NIFTY
At the same time IT stocks could prosper. Rupee is depreciating and this could benefit IT stocks. No brainer!
Also a stock like JPASSOCIATE, is bottomed out. One might see some buying there. Results will be announced on August 8. All analysts are expecting very poor results and it is reflecting in stock price.
Nevertheless, after a long time stock is trading above 200 D moving average. If it continues to stay above this key average, then it could reach to 14-15 before end of the month.
So strategy for the month or for at least next couple of weeks could be as follows.
Sell 8600 CALLs 100 quantity around Rs. 105-125
Buy 2500 TCS CALL around Rs. 70-80
BUY JPASSOCIATE 12.5 strike price CALL around Rs 0.50/-
Disclaimer: This blog does not take any responsibility of your profit/loss
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