Market is indecisive. It moves up for three days and loses all gain in one day. It has done this three times in last 20 trading days.
General sentiments are weak and traders are selling at every height.
Stick to defensive stocks (Pharma, FMCG), news based stocks JP Associates) , metal stocks (BHEL) and some selected auto stocks in shaky market.
Ranbaxy: It could give closing above 480.
Buy Ranbaxy 450 CALL at around 32/33 and sell 480 CALL around 19/20.
Maximum loss could be 6000/- but trade has profit potential 9000.
Don't wait till Rs. 9000 profit and exit the trade if gained 2% profit over investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
General sentiments are weak and traders are selling at every height.
Stick to defensive stocks (Pharma, FMCG), news based stocks JP Associates) , metal stocks (BHEL) and some selected auto stocks in shaky market.
Ranbaxy: It could give closing above 480.
Buy Ranbaxy 450 CALL at around 32/33 and sell 480 CALL around 19/20.
Maximum loss could be 6000/- but trade has profit potential 9000.
Don't wait till Rs. 9000 profit and exit the trade if gained 2% profit over investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
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