DLF turned out to be trade of the year. Mega-profit!!
Those who were holding 135 PUTs of DLF are dip in the money! Real Diwali. We closed most of our positions for the month and will not take any major positions till next week.
Election volatility, anxiety will be over by then.
FIIs are continuously selling for last two weeks.
Macro data is much better this month than last month. In fact in last month, even though macro data was bad NIFTY achieved new highs. Hence it is clear, so far FIIs do not care about micro-macro-Modi factor etc.
Low crude prices improving macro data across the world. In US inflation and budget deficit are at their multi-year best and US will be considered one of the best economies among developed economies.
For bulls tomorrow 7912 is an important number. Do not buy anything unless NIFTY crosses 7912 in spot. See below graph and blue dot.
In option table there are more reds than greens, indicating smart option traders are not very positive on NIFTY at the moment. But still 7800 is seems to be strong support.
Buy PUTs in NIFTY 7900 and 7800 contracts for tomorrow. One can hold too, if risk appetite and profit of this month's permit, NIFTY could slide down to 7650 post Diwali.
Keep booking small profits.
Hold bank of India 230 PUT, if not booked profit earlier.
Next post will be on October 21.
Till then happy trading and enjoy Diwali preparations.
Disclaimer: This blog does not take any responsibility of your profit/loss
Those who were holding 135 PUTs of DLF are dip in the money! Real Diwali. We closed most of our positions for the month and will not take any major positions till next week.
Election volatility, anxiety will be over by then.
FIIs are continuously selling for last two weeks.
Macro data is much better this month than last month. In fact in last month, even though macro data was bad NIFTY achieved new highs. Hence it is clear, so far FIIs do not care about micro-macro-Modi factor etc.
Low crude prices improving macro data across the world. In US inflation and budget deficit are at their multi-year best and US will be considered one of the best economies among developed economies.
For bulls tomorrow 7912 is an important number. Do not buy anything unless NIFTY crosses 7912 in spot. See below graph and blue dot.
Keep booking small profits.
Hold bank of India 230 PUT, if not booked profit earlier.
Next post will be on October 21.
Till then happy trading and enjoy Diwali preparations.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment