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