We are holding only Apollotyre CALL and booked profit in all other trades. Good month so far, nothing extraordinary though but descent 6/7% profit in month so far.
IIP is not good, inflation is good.
No clear signal by economy in which direction it is moving. Modi factor, oil factor are trying desperately to take NIFTY in north direction but ground realities depriving traders and investors to pump in lot of money.
NIFTY:
It is at support level, it could bounce back. See chart.
One can notice 8180-8200 is very strong support and if it breaks it will come down to 7920 in couple of weeks.
Highest OI at 8200 also suggests support around 8160.
TATAMOTORS:
This again is on support line. If it breaks it could go to 450-455, but if it doesn't, it can easily regain 530 layer.
Based on this information:
Trades could be as follows:
Maximum loss could be below 5000/- and this strategy has unlimited profit potential.
Ideally one should exit NIFTY lots one by one when it would show enough profit to cover TATAMOTORS investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
IIP is not good, inflation is good.
No clear signal by economy in which direction it is moving. Modi factor, oil factor are trying desperately to take NIFTY in north direction but ground realities depriving traders and investors to pump in lot of money.
NIFTY:
It is at support level, it could bounce back. See chart.
Highest OI at 8200 also suggests support around 8160.
TATAMOTORS:
This again is on support line. If it breaks it could go to 450-455, but if it doesn't, it can easily regain 530 layer.
Based on this information:
Trades could be as follows:
- Buy TATAMOTORS 510 CALL around 7 (1 lot)
- Sell TATAMOTORS 530 CALL around 3 (1 lot)
- Buy NIFTY 8100 PUTs (100 quantity) around 20-25.
Maximum loss could be below 5000/- and this strategy has unlimited profit potential.
Ideally one should exit NIFTY lots one by one when it would show enough profit to cover TATAMOTORS investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
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