Book profit in 8100 PUT if not booked earlier today.
Now holding
Everything depends upon Crude price now. If it goes up, NIFTY would go up. Somehow there is lot of unrest among traders looking at Crude oil prices.
Perhaps strong hands will intervene now and prices of oil will be stabilized around $60/b and stock markets' charts around the world would mimic oil prices chart.
Most of the stocks are at lower levels and at support level. India would be by and large beneficiary of lower crude oil prices and our indices would recover faster than others.
Anyway as per chart 7980-8010 is good support zone and our strong upward movement will continue.
Look at OI of 8050 and 8000. Smart option traders were convinced that NIFTY will not go down below 8000 before December expiry.
Axisbank looks good.
If one has earned substantial profit this month, then buy 490 CALL of AXISBANK between 2.50-3.00. It has formed hammer pattern and it is clearly bullish.
Disclaimer: This blog does not take any responsibility of your profit/loss
Now holding
- Apollotyre CALL and
- TATAMOTORS CALL
Everything depends upon Crude price now. If it goes up, NIFTY would go up. Somehow there is lot of unrest among traders looking at Crude oil prices.
Perhaps strong hands will intervene now and prices of oil will be stabilized around $60/b and stock markets' charts around the world would mimic oil prices chart.
Most of the stocks are at lower levels and at support level. India would be by and large beneficiary of lower crude oil prices and our indices would recover faster than others.
Anyway as per chart 7980-8010 is good support zone and our strong upward movement will continue.
Look at OI of 8050 and 8000. Smart option traders were convinced that NIFTY will not go down below 8000 before December expiry.
Axisbank looks good.
If one has earned substantial profit this month, then buy 490 CALL of AXISBANK between 2.50-3.00. It has formed hammer pattern and it is clearly bullish.
Disclaimer: This blog does not take any responsibility of your profit/loss
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