Hold SAIL, HEROMOTOCORP.
IFCI must cross 27.50 in cash for further up move.
Market is nowadays only taking turn looking at Rupee movement. I read arguments that Rupee has fallen more than 20% but market has not gone below by 10% from the top. So market is not governed by Rupee! This is baseless. We are not solving mathematical equation. Every move of NIFTY is in proportion of Rupee in past two weeks.
Since USD has become strong against EURO and JPY after market hours today, perhaps RBI will find it difficult to swap Rupee from market tomorrow and hence Rupee might slide down from today's high. It will reflect in index and other stocks. Market can again move near to 5800/5750 in next two days.
FII did small amount of buying though and this is surprising. So if Rupee strengthens market will move up, and again there will be short covering by FIIs.
So buy stocks which will be favored by Rupee depreciation. Look for the non-IT companies who have major turn-over out of export.
Buy Bajaj-Auto 1900 Call at 62-64. Maximum investment 7200/-, Exit tomorrow at 72- 75/- if you could or hold for rest of the week. Or exit this option contract if stock goes below 1820 anytime during the week (in cash segment) at small loss.
Buy Sunpharma
Buy 1080 CALL between 35-38. Target 45 for tomorrow.
Buy Bhartiartl 280 PUT between 4.20-4.50. Target 9/-
Bharti is finding difficult to cross ichimoku cloud on daily chart and it will go to 273. Keep booking profit with trailing SL.
Disclaimer: This blog does not take any responsibility of your profit/loss
IFCI must cross 27.50 in cash for further up move.
Market is nowadays only taking turn looking at Rupee movement. I read arguments that Rupee has fallen more than 20% but market has not gone below by 10% from the top. So market is not governed by Rupee! This is baseless. We are not solving mathematical equation. Every move of NIFTY is in proportion of Rupee in past two weeks.
Since USD has become strong against EURO and JPY after market hours today, perhaps RBI will find it difficult to swap Rupee from market tomorrow and hence Rupee might slide down from today's high. It will reflect in index and other stocks. Market can again move near to 5800/5750 in next two days.
FII did small amount of buying though and this is surprising. So if Rupee strengthens market will move up, and again there will be short covering by FIIs.
So buy stocks which will be favored by Rupee depreciation. Look for the non-IT companies who have major turn-over out of export.
Buy Bajaj-Auto 1900 Call at 62-64. Maximum investment 7200/-, Exit tomorrow at 72- 75/- if you could or hold for rest of the week. Or exit this option contract if stock goes below 1820 anytime during the week (in cash segment) at small loss.
Buy Sunpharma
Buy 1080 CALL between 35-38. Target 45 for tomorrow.
Buy Bhartiartl 280 PUT between 4.20-4.50. Target 9/-
Bharti is finding difficult to cross ichimoku cloud on daily chart and it will go to 273. Keep booking profit with trailing SL.
Disclaimer: This blog does not take any responsibility of your profit/loss
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