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