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.
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.
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.
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