NIFTY found some reason to correct. It seems 6300 is turning out to be strong resistance.
Hold all NIFTY CALL sell positions.
If NIFTY has to respect technical, then 6140-6160 is good resistance level and even if there could be gap down opening close for the day should be above/around this level
Buy IDFC in some sizable quantity in cash segment. Downside is minimum from current level and if IDFC gets banking license then stock could see high of May 2013.
Alternatively buy OTM 115 CALL. But this could be risky if RBI did not decide soon on licenses and holds the decision till next month.
One can buy RELIANCE in cash segment with two/three years horizon.
Disclaimer: This blog does not take any responsibility of your profit/loss
Hold all NIFTY CALL sell positions.
If NIFTY has to respect technical, then 6140-6160 is good resistance level and even if there could be gap down opening close for the day should be above/around this level
Buy IDFC in some sizable quantity in cash segment. Downside is minimum from current level and if IDFC gets banking license then stock could see high of May 2013.
Alternatively buy OTM 115 CALL. But this could be risky if RBI did not decide soon on licenses and holds the decision till next month.
One can buy RELIANCE in cash segment with two/three years horizon.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment