All media sources are expecting NIFTY to touch 7600-7500 in very short term. Two main reasons, first such defeat for BJP was not expected by trades seems and rate hike by FED is almost certain in December.
Generally market would move in opposite direction than general expectations. But one never know.
We are carrying positions in JP Associate CALL contract, which would go in loss if market falls and we expect DLF bear spread strategy to end in profit if market goes down.
But in general, DLF might not experience very negative impact too due to election outcome in Bihar. Government might go little slow over such sensitive issues and will try to organise house first, before the next election. It will be interesting to see movement in DLF tomorrow. Of course we expect it to fall!!
No new trades.
Keep booking profit in TCS, NIFTY CALL sell, DLF option contracts. Book loss in JP if you can't hold.
Disclaimer: This blog does not take any responsibility of your profit/loss
Generally market would move in opposite direction than general expectations. But one never know.
We are carrying positions in JP Associate CALL contract, which would go in loss if market falls and we expect DLF bear spread strategy to end in profit if market goes down.
But in general, DLF might not experience very negative impact too due to election outcome in Bihar. Government might go little slow over such sensitive issues and will try to organise house first, before the next election. It will be interesting to see movement in DLF tomorrow. Of course we expect it to fall!!
No new trades.
Keep booking profit in TCS, NIFTY CALL sell, DLF option contracts. Book loss in JP if you can't hold.
Disclaimer: This blog does not take any responsibility of your profit/loss
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