NIFTY is still stuck in range of multiple resistances and supports. It is very risky to take any trade unless direction is known, though broad direction of NIFTY is upward.
HDIL
Stock is in down trend but now reached oversold region. There is lot of open interest in 50 CALL contract and lot of unwinding in 50 PUT shows, there could be possibility of some upside today.
Buy HDIL 50 CALL between 1.4-1.6 and book profit between 2.40-2.60. If you buy multiple lots hold some lots for target around 3/-
Book loss if option value goes below 0.50.
Disclaimer: This blog does not take any responsibility of your profit/loss
HDIL
Stock is in down trend but now reached oversold region. There is lot of open interest in 50 CALL contract and lot of unwinding in 50 PUT shows, there could be possibility of some upside today.
Buy HDIL 50 CALL between 1.4-1.6 and book profit between 2.40-2.60. If you buy multiple lots hold some lots for target around 3/-
Book loss if option value goes below 0.50.
Disclaimer: This blog does not take any responsibility of your profit/loss
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