There are plenty of events lined up during next week. RBI policy (Tuesday) , FOMC meeting (Wednesday) and expiry day on Thursday. There could be very high volatility and option trader must prepare strategy to deal with it.
FIIs sold in huge quantity. Last week will be totally driven by option table. Global markets closed in red and gap down opening is almost certain.
PCR is near 1.1.
Very strong support around 6160.
Bank of Baroda
Buy 580 PUT between 2.50-3.50
JPASSOCIAT
Buy JP ASSOCIATE 45 PUT around 0.40.
SUNPHARMA
Buy SUNPHARMA 610 CALL between 5.25-5.75
Don't enter in to all trades if your profit does not permit. Do selective trading and avoid over trading. It is very risky to write CALL or PUT in this last eventful week. It is advisable to book profit in all CALLs and PUTs written earlier. If you can not take the risk based on your profit this month, then just sit back, relax and enjoy volatility.
Maybe buy some quality stocks like SBI, HCLTECH, LT, ICICI Bank, AXISBANK, Reliance, TATAMOTORS etc. if they correct during the week from 1 to 6 months perspective. Or needless to mention, one can hold these stocks for long term and keep adding to them on every decline to make a strong portfolio for future.
Disclaimer: This blog does not take any responsibility of your profit/loss.
FIIs sold in huge quantity. Last week will be totally driven by option table. Global markets closed in red and gap down opening is almost certain.
PCR is near 1.1.
Very strong support around 6160.
Bank of Baroda
Buy 580 PUT between 2.50-3.50
JPASSOCIAT
Buy JP ASSOCIATE 45 PUT around 0.40.
SUNPHARMA
Buy SUNPHARMA 610 CALL between 5.25-5.75
Don't enter in to all trades if your profit does not permit. Do selective trading and avoid over trading. It is very risky to write CALL or PUT in this last eventful week. It is advisable to book profit in all CALLs and PUTs written earlier. If you can not take the risk based on your profit this month, then just sit back, relax and enjoy volatility.
Maybe buy some quality stocks like SBI, HCLTECH, LT, ICICI Bank, AXISBANK, Reliance, TATAMOTORS etc. if they correct during the week from 1 to 6 months perspective. Or needless to mention, one can hold these stocks for long term and keep adding to them on every decline to make a strong portfolio for future.
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment