It seems NIFTY is not in mood of stopping at all. More than 700 points within less than a month is phenomenal progress. It is fueled by statements of RBI Governor and there is reasonable doubt about who is running the show.
It will be very risky to do any fresh buying at this level from traders perceptive. There could be lot of opportunities in individual stocks. This is even reflecting from FII activities. FIIs are buying stocks but selling futures and options for this expiry.
Low risk trades:
If NIFTY convincingly crosses 6200 within next three/four treading sessions then it is something never happened before and it is better to stay away for some time from this market.
Disclaimer: This blog does not take any responsibility of your profit/loss.
It will be very risky to do any fresh buying at this level from traders perceptive. There could be lot of opportunities in individual stocks. This is even reflecting from FII activities. FIIs are buying stocks but selling futures and options for this expiry.
Low risk trades:
- Sell Tatamotors 340 CALL at 1.1/1.2. In next about 10 trading days Tatamotors will not cross 340 and it will be easy gain of Rs.1000/1200
- Sell Reliance 900 CALL between 3.5 to 4. It could give profit of Rs. 750 to Rs. 1000/- in next 10 days.
If NIFTY convincingly crosses 6200 within next three/four treading sessions then it is something never happened before and it is better to stay away for some time from this market.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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