NIFTY is trading near lower end of the triangle. Breaking below 7810, conservatively below 7790 could open flood gate at downside.
If NIFTY goes below 7760 then one should book loss in 7800 PUT sell contract of next month expiration. But hopefully by then DISHTV PUT contract should able to compensate for the loss in NIFTY 7800 PUT contracts.
FIIs are selling, general tone is negative, but certainly NIFTY has taken halt in downtrend so far. It might stay so till expiration. Even though FIIs are net sellers, global cues are negative, NIFTY is able to sustain at 7800 + levels. This is good sign for bulls.
No new trades. But for those who have to take trade and can not sit idle, should buy IFCI 27.5 CALL around 0.05-0.10. Just Rs. 2000/- investment could make one richer by Rs. 40-50K!!
If your profit permits then don't miss this opportunity.
Disclaimer: This blog does not take any responsibility of your profit/loss
If NIFTY goes below 7760 then one should book loss in 7800 PUT sell contract of next month expiration. But hopefully by then DISHTV PUT contract should able to compensate for the loss in NIFTY 7800 PUT contracts.
FIIs are selling, general tone is negative, but certainly NIFTY has taken halt in downtrend so far. It might stay so till expiration. Even though FIIs are net sellers, global cues are negative, NIFTY is able to sustain at 7800 + levels. This is good sign for bulls.
No new trades. But for those who have to take trade and can not sit idle, should buy IFCI 27.5 CALL around 0.05-0.10. Just Rs. 2000/- investment could make one richer by Rs. 40-50K!!
If your profit permits then don't miss this opportunity.
Disclaimer: This blog does not take any responsibility of your profit/loss
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