Trades for 5 May

No trade could be executed today as prices have not reached in buying zone.
IFCI and Centurytex are still looking good in the same zone as recommended yesterday.
DLF must cross 192 in future for further take off.

We would prefer new trades as below for 5 May:

Axisbank
Buy 530 CALL between 12.20-12.50, Target 16, One could hold till stock crosses 548 in future in next couple of weeks.
SL 6/-

SBIN
Buy Future at around 301.50-302.00
Buy PUT contract of 300 as hedge.
SL 296.
Exit the trade if stocks starts trading below 296, in that case, exit future first, and hold PUT till future goes down till 291.

Voltas:
Buy 430 CALL between 14.10-15.00, SL 10, Target 17.8/21/24.75.


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