BANK NIFTY

Bank NIFTY
Buy 19400 CALL of  BN at around 5.10. Buy in multiple lots.
This is a lottery trade.
Disclaimer: This blog does not take any responsibility of your profit/loss

Two trades for next couple of days

NIFTY is at resistance level, but good monsoon, GST rumor should take it near 8880-8890.

Buy Ajantpharm future between 1622-1623 in future, SL 1599, Target 1638/1652/1670
Buy ICICIBANK 270 CALL @ 7 target 9.5/12.3/14.20 SL 4/-

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

Two trades.

Two promising trades for next couple of days:

Buy UPL 580 CALL between 10.50-11.00 SL 5/- Target 13/15/19
Sell TATAELXSI  Future SL 1725 Target 1600/1578

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

Trades for next two/three days

The general trend is up.
FIIs are buyers one day and net sellers on another day. No consistency.  Result session will decide further direction of the market. Good monsoon must be already priced in but monsoon session of Parliament will keep traders upbeat.

TATAMOTORS
Buy TATAMOTORS  470 CALL above 12.50.
Sell 500 CALL around 4 /-
Sell 430 PUT around 3/-

Hold the trade with SL for 470 CALL around 7/-.
One can even hold "500 CALL sell contract" and "430 PUT sell contract" after exiting 470 CALL at SL for couple of days to reduce the loss, if any.

Book profit when 470 CALL is near 28/29

If adhered to SL, loss would be negligible.


Axis Bank

Buy Axisbank 550 CALL around 15 or at least make sure it is trading above 12.25. Sell 580 CALL at 5/- and sell 500 PUT at 3/-
Exit the trade if 550 CALL goes below 5/-

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

HDFC BANK

HDFC Bank

Buy 1180 CALL between 24.20 and 26.20.
SL 10. Hold with trailing SL. This stock is being traded in uncharted area and has huge potential.

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

Trades for next couple of days

FIIs bought today.
NIFTY is continuing upward momentum. Hope rally.

Apollotyre:
Buy 160 CALL between 5.50 and 5.80 for target above 9/-; SL 2.50. Hold this trade with trailing SL for couple of days.

Reliance:
Buy Future above 995 and buy 990 PUT simultaneously.
Maximum loss possible could be around 12-13K but potential of unlimited profit. Hold this trade with SL (in future) 975/-. Target 1050/-

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

Trades for 4 July 2016

NIFTY has given breakout.
FIIs were sellers.
Is this a false breakout?
But let us stick to the technical theories.

Sell 2 lots of NIFTY 8400 PUTs.
This will collect premium around  22 K

IDFC is showing promise.
Sell IDFC 47.5 PUT around 1.30-1.40. Target 1.90/2.10/2.80  SL 0.90

DishTV
Buy DishTV 100 CALL between 4.75-4.95
Target 5.65/7.2 SL 3.2

Exit all trades generally at EOD, even if profit target(s)/SL are not hit.

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

LT

NIFTY is at resistance level.
If it crosses 8340 then then further upward momentum is possible.

LT:
Larsen is showing strength. At very crucial level, crossing 1505-1510, could open gate till 1600 again.

Buy 1500 CALL between 47.5-49.30
Hold for couple of days.
SL 31
Target 73

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

Trades for 23 June 2016

BREXIT outcome will be driving tomorrow's trade.
FIIs again sold very marginal quantity. Doji on BN day chart, in short confusion everywhere.

Chose one of the trade.

1.) Sell BN Future and buy 17600 CALL of 23 June expiration. Results of BREXIT should be known after our market opens and it would provide an opportunity to enter in to the trade.

2.) Sell KTKBANK FUTURE at 134.50 and buy KTKBANK 135 CALL around Rs. 3/-

3.) DISHTV: Buy DISHTV 92.5 PUT between 2.10-2.20.


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

INFOSYS

BREXIT will have impact on market on Friday.
If vote is to "leave" then Pound and Euro will become weak and USD will become strong, This will result in weakening of Rupee. IT companies will benefit.

If vote is to "Remain" then Euro will become strong and Europe revenue of IT companies will go up. In general NIFTY will go towards 8300-8375 and INFY could be beneficiary.

Infosys:
Buy 1200 CALL between 11.80-13.00, Target 23/31/48, SL 5

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

Two trades to start the week!

FIIs are also confused. They are nigher selling nor buying as usual. But NIFTY is not moving past 8220-40, indicate some weakness. BREXIT and REXIT could be the additional spices for bears. But till NIFTY is above 8060-(5/10 points), one would see buying emerging around 8060 level.

Hence, I was searching for the stocks which are generally not driven by NIFTY momentum and have their own reasons for up-down move.

Hold CENTURYTEX PUT contract.

RCOM:
RSI crossover, and stock is showing strength. It is near its recent lows. One should see buying towards 50-51.

It is better to buy this stock in cash and hold for couple of months.

So one can buy CALL of strike price 50 between 1.60-1.75 SL 0.70. Target 2.90/3.40/4.10


ITC

Stock is showing promise. It is about to take off. But for option trades like us it must move quickly otherwise we would lose on time value.

Buy ITC 370 CALL between 3.30-3.40 SL 1.35 and Target 5.90.

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

Trade for 17 June 2016

NIFTY has formed one more hammer pattern today. Third hammer in four days. Today's low  is again very important. So three lows 8063-8069-8074 is China wall now for bears. Do not short NIFTY before it goes below 8063-5/10 points. It could be suicidal.

NIFTY will attempt to move past 8165 maybe on opening (if supported by global cues) and again very quickly could see 8280 level tomorrow or by early next week, proviso China wall holds.

Buy on dips as soon as NIFTY comes near the wall with SL 8050 could be mantra for success.

Having said this there could be some trades in individual stocks.

Centurytex:
Buy 600 PUT between 9.30-9.90 For target 13.60. SL 5.60.

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

Trade for 16 June 2016

One hammer
Second hammer
and zoom!

16 June will totally depend on Madam Yellen.
If she keeps rate same, another 100/150 points on card. If by chance, she does hike the rates then do not enter in any trade tomorrow.

Buy Bank NIFTY 18000 CALL option of 16 June expiration at open and look for 100% gain.

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

Trade for 15 June 2016

NIFTY is weakening but two consecutive hammer patterns would make it difficult for bears to succeed quickly. NIFTY must go below 8060-8050 level for further downward momentum.

Axis Bank
Buy Axis Bank 520 PUT above 9.20. Target 12.40/13.40/18. SL 4.20

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

Trades for 13 June 2016

NIFTY has gone down a bit as expected, thought it bounced back from 61 hourly EMA (HEMA) and came back again to 61 HEMA level before the closure. Next halt could be around 8132. If NIFTY goes below 8132-30 further slide is expected till 7980.

But in general trend is bullish, so all short positions should be only for a day/two.

Below are the positions recommended only for 13 June.

DLF:
Buy DLF 130 PUT above 3.20. Target 4/4.60/6.30 SL 2

CenturyText
Buy 640 PUT between 19.90-20.40. Target 25/34 SL 12
Centurytext is trying to bounce back from 61 HEMA. This is Fibbo retracement level and generally stocks would respect these levels.
So buy PUT only after stock starts trading below 635 in Future.

Disclaimer:

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

Trades for 10 June 2016

At least for tomorrow NIFTY should open in red and stay under pressure till Europe opens. Later it will be driven by directions of EU markets.
There is breakdown in RSI daily. A kind of negative divergence and this should drag NIFTY.
But FIIs are buying. One most important thing happened today was NIFTY bounced back from 61 EMA in hourly chart. So as long as it stays above 8180-8185, it will move up for sure.

All bear positions including recommendations below to be entered only if NIFTY goes below 8180-8175.

Two trades below look promising.

1. Buy BankNifty 17600 PUT between 240-260, SL 190 and Target 315/385
2. Buy YesBank 1000 PUT between 11-12, SL 7/-, Target 15.20

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

Trades for 8 June 2016

NIFTY will continue uptrend.
Mr. Modi will meet Obama tomorrow and market would like that. Nevertheless 8340 is good resistance and it is very important for NIFTY to cross it in style.

Few trades for tomorrow ie 8th June.
Arvind:
Buy 320 CALL between 9-9.50. Add more lot after 10.10. Target 14.50 and SL 7.10.

RELINFRA
Sell 520 PUT between 15-15.70; SL 21

TCS
Sell TCS future between 1257-1247. SL 1275 Target 1212/1231

LT
Buy future above 1496 , SL 1460 Target 1550/-

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

Trades for 6 June 2016

Huge buying by FIIs suggest NIFTY should move up. Monsoon news, Modi Govenment's two years' completion advertisement could add spice.
If NIFTY crosses 8270-75 during opening hour then it is further indication of sharp up move. Maybe traders and FIIs are thinking Rajan would cut rate in this policy, which would be the last before Government decides his fate as RBI Governor for next three years.


But till then one can think of profit booking.
OI table suggest some weakness at higher level.

Lot of additions at 8300 and 8400 CALL contracts suggest NIFTY would find it difficult to cross these levels.
One can sell 8300 and 8400 CALLs.
For 8300 CALL 96-87 is good selling range with SL 106 with targets T1 77/T2 52
Generally Selling 8400 CALLs around Rs.55-53/- would be more safe.

Other trades for tomorrow would be as follows:
1.) Buy Arvind 300 PUT around 8.50-9.50 and SL 5.50. Target 12.25

2.) Buy TCS 2600 PUT around 45-47 SL 35/-Target 74.
It is at the verge of RSI breakout, and if it happens so, taregt of 74 should be achieved in couple of days.

3.)Buy BHARTIARTL 350 PUT between 7.50-8.00
Target: 9.50
SL: 5.50

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

Trades for next few days

NIFTY is moving sideways.
This is good for option writers.

Sell NIFTY 7400 CALL at market price around 200-230.
Sell 2 lots. This will accumulate (wealth?)  around Rs. 30 K to 35 K in your trading account.

Presently option is being traded below 61 day EMA level. It could cross EMA line when it would close above 280-285 on EOD basis. This 280-285 range also should be the stop loss for the trade.

Aditya Birla NUVO.

This stock is moving sideways and awaiting RSI breakout or just at the verge of breakout which it could complete once it crosses 843.40.
Buy this stock above 843.40-844 in future segment,

This stock is very volatile, if it slips below 815, then do not think twice, please exit. But be in trade till it is above 61 HEMA level, for tomorrow 61 HEMA level could be around 815. This is very rough judgement merely looking at present graph and with no scientific calculation involved.

Centurytex

This stock also has given RSI breakout in hourly chart.
Target could be near 620 if pattern works.

CCI is about to cross 100 mark, if it does so, stock will show very good momentum in northward direction.
But looking at present uncertainly, insure the trade by buying 580 PUT. Maximum loss could be Rs. 15000/-. those who can afford, can sell 620 CALL along with buying of 580 PUT. This will limit the profit, but loss will be confined to Rs. 10000/-

Recommendation could be buy future and 580 PUT, and work with SL 550 (EOD) for tomorrow.

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

Two promising trades

Dabur
Sell Dabur Future between 243.60 and 243.20 SL 246.50 Target: 242.50/240.30

Zeel
buy future at 397 target 408/- SL 390/-

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

Few trades for February 17

NIFTY is resisted at higher levels, FIIs are selling in cash.
It is better to be bearish in this market if you are trend trader.

Below are some most probable trades for tomorrow.
Enter only when you find right level

DLF:
Buy 80 PUT between 3.20-3.45, SL 2.70, target 4.10/6.10/10!

L & T
Buy 1100 PUT between 24.40-27.70, SL 21, Target 44/52/90

SBIN
Buy 150 PUT between 1.80-2.35 SL 0.65 Target 4.35/6/8.90


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

Trade in NIFTY and YESBANK

NIFTY has changed gear. On global cues it might go above 7280 within a day or two.
But let us stick to demand and supply levels and trade only if those levels are honored.

NIFTY
Sell NIFTY 7200 PUT between 115.55-124 (supply zone) target 30, SL 190/-

YESBANK

Sell 760 CALL between 15-16.90 SL 19.50
Target 11.70/10.85/5.30

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

Lupin

FIIs are selling. DIIs are buying.
NIFTY shown some reversal pattern on Friday, confirmation is must on Monday.
Do not trade at all in opening session on Monday, and wait till market stabilizes after 40-45 minutes, preferably one hour.

Lupin looks good.
1800 CALL is very near to demand level.
Buy 1800 CALL at 21.50 target 75/- SL 9/-

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

Axis Bank and Centurytex:

Axis Bank

Buy 400 PUT @ 13.10 with SL 9.90, Target 15/16.90

Centurytex:

Buy 480 CALL @ 18, target 23 SL 16

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

State Bank

Buy State bank of India 170 PUT between 7.10-7.40.

SL Rs. 5/-

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

INFY and RELCAPITAL

NIFTY has very strong supply zone around 7640 and it might not be crossed very easily.
One should wait for trade in NIFTY till the clarity in direction.

INFY
One can buy INFY 1160 CALL and sell 1220 CALL.
Maximum loss could be around 11000/- but profit potential is Rs. 20000/-

Falling Rupee could help the stock. Retracement and Cup and Saucer pattern should take the stock to 1220-1230 level very soon.

Reliance Capital.

There could be very quick trade here.

RSI cross over has happened very recently. Stock is near oversold region.

Stock has turn back yesterday from 389-90 region, which was 38% retracement from last fall. If it crosses 390/- then for short term target should be 405 and then 422/-

Buy 390 CALL around 19.20-19.50.

Exit on same day and book profit.

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

Low risk trade in DishTV

NIFTY could show some bounce till 7600-7640 in short time.

FIIs are selling and DIIs are buying in more quantities than FIIs. This situation may not last long. Either FIIs start buying or NIFTY would continue downtrend soon.

For Monday, one can buy NIFTY future of February expiration and buy PUTs as an insurance. Assuming NIFTY would open as gap up one can buy NIFTY future of February expiration and Buy 7400 PUT of January expiration. Of course, PUT will be cheaper, and hence if  one gets it (7400 PUT) around Rs. 35-45 then he/she can buy two lots.

As soon as NIFTY shows sizable profit 1.5% to 2%, exit from NIFTY and one lot of PUT. Entire trade will be in profit by then.

If someone does not want to take risk in NIFTY then low risk trade would be in DishTV

Buy DishTV 90 CALL around 0.70-0.80. Target Rs. 1.90.
Risk around Rs. 3500/- to Rs. 4000/-



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

TATACOMM

Few new trades:
NIFTY is continuing its downward movement.
INFY: Price did not reach and hence we did not enter in to the trade.
BN: We are holding.

New Trade:

Tatacomm:
Sell Tatacomm future.
Buy 400 CALL around 12-14, or buy it whenever one would sell future.
Target Rs. 340/-

If target his then profit potential around 50000/- or maximum loss could be limited to premium paid ie about 15000/-

Stock should go below 392 for fast slide towards target.

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

INFY and Bank NIFTY

NIFTY is at major support zone. ie 7430-7400. If it is broken stiff fall is possible. NIFTY could touch 7000!
FIIs are selling in huge, DIIs are buying though! FIIs are selling continuously for last more than one and half month.
http://craytheon.com/charts/fii_dii_nse_bse_trading_chart_graph.php#

Bank NIFTY is more vulnerable than NIFTY.

INFY:
CMP: 1143
Buy above 1163 (in future) and buy PUT of strike price 1160 around 15-16.

Reasons:
RSI breakout in daily chart. Long term trend-line support is around 1200.

IVs of CALLs are more than PUT IVs.

Therefore target = 1200/-


Bank NIFTY:
CMP: 15206
Sell Future at market price and buy CALL around market price.
For example Sell Future at CMP and Buy call of strike price 15200 at around 280/-

Notice fresh breakdown in RSI
As per OI table if 15000 is broken then next stop will be only around 14500.
PCR is 0.69 and still some downside potential.

Target 14325

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

Buy Ashok Leyland Future and Buy 92.5 PUT

NIFTY failed to sustain gains.
DOW and other global indices are in red while I am writing the blog. No recovery is seen.

Both stocks recommended yesterday did well and provided profit booking opportunity. Powegrid had reversed from 150% retracement mark. Maybe it could provide an another opportunity tomorrow!

AshokLeyland:
This might touch 100 again.
Lot of support around 90, however, at the same time resistance around 95. But stock is trading at higher range in spite of market correction. If NIFTY recovers from here, it will be good for the stock too.

PCR is around 0.65 and indicates very limited downside potential.
One can buy Future and sell 92.5 PUT around 2.50-2.65.
Maximum loss could be around 15000/- but unlimited profit potential.


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

TVS MOTOR and POWERGRID

NIFTY is in down trend.
As per OI analysis support seems to be at 7420-7430.

PCR is 0.88 also suggests some downside is possible. PUTs are unwinding, FIIs are selling and hence NIFTY will slide to some extent.

Two stocks still looks promising for the month.

TVS MOTOR

Buy 290 CALL around  6.65 and sell 310 CALL at around 1,65.
Maximum profit Rs. 30000/-, maximum loss Rs. 10000/-

RSI is above 50 in all time-frames. It has given breakout in daily chart. Stock is trading above 60 days EMA.
Resistance could be around 305 based on OI analysis of the stock, The long time trend line resistance is around 307.
PCR is about 0.65 and indicates reversal up to at least 305-307.

Target: 305-307

POWERGRID

Buy Future and sell PUT of 140 strike price.
Maximum loss could be about Rs. 12000/-

RSI above 50 in all time frames and breakout in daily time frame.
PCR is 0.24. This is unusually low.
IVs of CALLs are higher than IVs of PUTs. This is also very uncommon and suggests reversal.

Retracement target is around 148-149.


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

Strategy: LT

NIFTY is in negative territory.
If it goes below 7730 (approximate Bollinger band support), then further slide is likely.
S&P 500 is below 2000 after long time (while I'm writing this blog post) and historically it had reversed from this range. Keep an eye on S &P 500. If you see tomorrow morning it is substantially below 2000 then don't continue your long positions. If it is above 2000-2010, reversal is possible from this level of NIFTY.

LT
Sell Future and buy CALL 1250. Maximum loss will be around 4500 but unlimited profit potential.
If LT opens below 1250 or goes below 1250 tomorrow (Tuesday 5 Jan 2016), then only enter in to the trade.

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