Monday, 16 June 2014

Update

Book profit in DLF
As expected it went up from support.


RELINFRA
Hold, it broke the channel at lower end but gave hammer candle stick before day end.
It might see some upside tomorrow if 757 is crossed in spot. Risk takers can buy future.
CALL option 860 is trading near 5/-, one can hold till stock crosses 808 on EOD basis.

TATAMOTORS:
 
Hold both contracts. viz 400 PUT and 500 CALL sell.
If only one CALL sold then book profit.


NIFTY
Premiums gone down today, one should find opportunity to book profit in this trade tomorrow. FIIs are net buyers. Last three occasions in last one months bears were trapped by similar NIFTY behavior. Be careful and keep booking small profits also in NIFTY options.
Delta is around 3 and one can comfortably hold till it goes above 30.



Disclaimer: This blog does not take any responsibility of your profit/loss


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