As expected INFY results set tone of market.
LT
Exit LT 1060 CALL contract if LT goes above 1036 in cash. Larson results are on next Wednesday and if they are not up to expectations stock will fall. Last two occasions stock corrected after the results.
NIFTY might cross all time high again.
Buy 6500 CALL between 14-15. Hold till Friday evening or for target 25-28.
INFY:
Infosys has gone far. It might not cross 3850. Stock might go up tomorrow in expectation of good results of other IT major TCS.
Sell 3850 CALL between 13-15
One can use premium received from one lot of INFY to buy 2 lots of NIFTY to ensure credit balance.
Disclaimer: This blog does not take any responsibility of your profit/loss
LT
Exit LT 1060 CALL contract if LT goes above 1036 in cash. Larson results are on next Wednesday and if they are not up to expectations stock will fall. Last two occasions stock corrected after the results.
NIFTY might cross all time high again.
Buy 6500 CALL between 14-15. Hold till Friday evening or for target 25-28.
INFY:
Infosys has gone far. It might not cross 3850. Stock might go up tomorrow in expectation of good results of other IT major TCS.
Sell 3850 CALL between 13-15
One can use premium received from one lot of INFY to buy 2 lots of NIFTY to ensure credit balance.
Disclaimer: This blog does not take any responsibility of your profit/loss
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