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
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
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