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.
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.
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