JP Associat posted loss more than Rs. 500 Cr. in this quarter too. This is not good sign for the stock. We have to book loss in JP 15 CALL option contract.
NIFTY would be range bound from here. Might not see lower levels than 7500 and above 8000 in this series.
Maximum OI in 7700 PUT and 8000 CALL will make sure this range bound movement till expiration.
However, in Bank one can see there is clear trend for next couple of days at least.
Exit the trade if maximum loss is more than Rs. 8-9 thousand.
Disclaimer: This blog does not take any responsibility of your profit/loss
NIFTY would be range bound from here. Might not see lower levels than 7500 and above 8000 in this series.
Maximum OI in 7700 PUT and 8000 CALL will make sure this range bound movement till expiration.
However, in Bank one can see there is clear trend for next couple of days at least.
- Buy ICICIBANK future and sell SBI future. OR
- Sell SBI 240 CALL @ around 6/- and Sell ICICIBANK 260 PUT around 4.20-4.50.
- Also one can sell HDFC 1140 PUT contract around Rs. 6-6.50.
Exit the trade if maximum loss is more than Rs. 8-9 thousand.
Disclaimer: This blog does not take any responsibility of your profit/loss
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