The general trend is up.
FIIs are buyers one day and net sellers on another day. No consistency. Result session will decide further direction of the market. Good monsoon must be already priced in but monsoon session of Parliament will keep traders upbeat.
TATAMOTORS
Buy TATAMOTORS 470 CALL above 12.50.
Sell 500 CALL around 4 /-
Sell 430 PUT around 3/-
Hold the trade with SL for 470 CALL around 7/-.
One can even hold "500 CALL sell contract" and "430 PUT sell contract" after exiting 470 CALL at SL for couple of days to reduce the loss, if any.
Book profit when 470 CALL is near 28/29
If adhered to SL, loss would be negligible.
Axis Bank
Buy Axisbank 550 CALL around 15 or at least make sure it is trading above 12.25. Sell 580 CALL at 5/- and sell 500 PUT at 3/-
Exit the trade if 550 CALL goes below 5/-
Disclaimer: This blog does not take any responsibility of your profit/loss.
FIIs are buyers one day and net sellers on another day. No consistency. Result session will decide further direction of the market. Good monsoon must be already priced in but monsoon session of Parliament will keep traders upbeat.
TATAMOTORS
Buy TATAMOTORS 470 CALL above 12.50.
Sell 500 CALL around 4 /-
Sell 430 PUT around 3/-
Hold the trade with SL for 470 CALL around 7/-.
One can even hold "500 CALL sell contract" and "430 PUT sell contract" after exiting 470 CALL at SL for couple of days to reduce the loss, if any.
Book profit when 470 CALL is near 28/29
If adhered to SL, loss would be negligible.
Axis Bank
Buy Axisbank 550 CALL around 15 or at least make sure it is trading above 12.25. Sell 580 CALL at 5/- and sell 500 PUT at 3/-
Exit the trade if 550 CALL goes below 5/-
Disclaimer: This blog does not take any responsibility of your profit/loss.
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