NIFTY should show some resistance at 7715-7725 levels, this was earlier support, which could now act as a resistance. Once it is crossed, next halt will be 7760 and till then one should able to make money in below contracts.
It seems markets have already aligned with rate hike by FED. Or this could be last chance for traders to cover their shorts. Picture will be very clear by Friday.
Do not carry any position for next day for the time-being.
But one can do day trading.
1.) Sell Axisbank 420 PUT around 6
2.) Sell TATAMOTORS 360 PUT around 4.50-5.00.
To cover the risk
3.) Sell DLF 120 CALL around 1.20.
Exit all trades if total profit is more than Rs. 5000/- and if loss is more than Rs. 4000/-
Be alert tomorrow.
The implied volatility could go up anytime during the day and even if there is not much movement in stock price, option could be dearer by couple of percentages.
If you find this risky, then simply take rest and enjoy the day!
Disclaimer: This blog does not take any responsibility of your profit/loss.
It seems markets have already aligned with rate hike by FED. Or this could be last chance for traders to cover their shorts. Picture will be very clear by Friday.
Do not carry any position for next day for the time-being.
But one can do day trading.
1.) Sell Axisbank 420 PUT around 6
2.) Sell TATAMOTORS 360 PUT around 4.50-5.00.
To cover the risk
3.) Sell DLF 120 CALL around 1.20.
Exit all trades if total profit is more than Rs. 5000/- and if loss is more than Rs. 4000/-
Be alert tomorrow.
The implied volatility could go up anytime during the day and even if there is not much movement in stock price, option could be dearer by couple of percentages.
If you find this risky, then simply take rest and enjoy the day!
Disclaimer: This blog does not take any responsibility of your profit/loss.
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