Sunday, 3 July 2016

Trades for 4 July 2016

NIFTY has given breakout.
FIIs were sellers.
Is this a false breakout?
But let us stick to the technical theories.

Sell 2 lots of NIFTY 8400 PUTs.
This will collect premium around  22 K

IDFC is showing promise.
Sell IDFC 47.5 PUT around 1.30-1.40. Target 1.90/2.10/2.80  SL 0.90

DishTV
Buy DishTV 100 CALL between 4.75-4.95
Target 5.65/7.2 SL 3.2

Exit all trades generally at EOD, even if profit target(s)/SL are not hit.

Disclaimer: This blog does not take any responsibility of your profit/loss.

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