Thursday, 12 November 2015

NIFTY is not sustaining at higher levels, sell NIFTY OTM CALL options.

Good profit booking opportunities in DLF and NIFTY Call sell contracts. We booked profit in these strategies.
Though on Muhurat trading NIFTY could cover around 40 odd points, over all trend is negative. One can hold short positions easily till NIFTY does not cross 8010 in cash. Till then one can earn money in intra-day by writing NIFTY OTM CALL contracts.

If brokerage permits write 8100 CALL options of November expiration.

JP ASSOCIAT results to be declared on Saturday, if something comes up positive in those results, our option contract could provide an opportunity to exit on Monday or we have to prepare to book loss!

TCS strategy: Hold. Presently this strategy is in marginal loss.

Axis bank looks good for long term (more than one year) or for medium term ( 3 months to 1 year) investment perspective.

Disclaimer: This blog does not take any responsibility of your profit/loss

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