Book profit in Ranbaxy 520 Call sell.
Book profit in JP ASSOCIATE 40 PUT.
Keep averaging and adding 6100 NIFTY call sell option contracts of October expiry and safe traders should sell 6300 and 6400 NIFTY Calls of October expiry at current market price.
FII sold in F & O segment first time after 3rd September. This is worth noticing, if this continues tomorrow then there is reason to think that this rally is coming to an end. Also all indicators are in over bought zone.
The main reason of this rally is Rupee appreciation and that is not due to any fundamental changes but in hope of future actions by new Governor. In absence of any long term view by RBI, Rupee may slide soon below 65 and market could react quickly. In short, better to book profit in long positions.
Reliance:
If market corrects all those stocks which moved fast will come down in equal speed from where they started up move. Reliance could come to 750 level again. It is buying level.
Buy Reliance 800 PUT of October expiry between 14-16.
TATAMOTORS:
Sell 410 CALL between 1.60-2.10
However, hedging is must.
Buy some 6500 CALL options of September expiry at around 45/50 to make profit if rally continues till month end.
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profit in JP ASSOCIATE 40 PUT.
Keep averaging and adding 6100 NIFTY call sell option contracts of October expiry and safe traders should sell 6300 and 6400 NIFTY Calls of October expiry at current market price.
FII sold in F & O segment first time after 3rd September. This is worth noticing, if this continues tomorrow then there is reason to think that this rally is coming to an end. Also all indicators are in over bought zone.
The main reason of this rally is Rupee appreciation and that is not due to any fundamental changes but in hope of future actions by new Governor. In absence of any long term view by RBI, Rupee may slide soon below 65 and market could react quickly. In short, better to book profit in long positions.
Reliance:
If market corrects all those stocks which moved fast will come down in equal speed from where they started up move. Reliance could come to 750 level again. It is buying level.
Buy Reliance 800 PUT of October expiry between 14-16.
TATAMOTORS:
Sell 410 CALL between 1.60-2.10
However, hedging is must.
Buy some 6500 CALL options of September expiry at around 45/50 to make profit if rally continues till month end.
Disclaimer: This blog does not take any responsibility of your profit/loss
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