Sell 4 lots of Bank NIFTY CALLs strike price 18000 around 200-225. SL Rs. 5000/-

NIFTY respected 8250 level, but technically still in uptrend. Good macro data will push NIFTY again in northward direction tomorrow. Watch out for 8250-8300 level.

Update:

DishTV: booked profit around Rs. 5000/-

TCS: Same status. In fact gone down. Presently around Rs. 2000/- loss. Hold

Southbank:
Loss about Rs. 5600/- or could be more depending upon buying rate. One can exit or preferably hold till October 19 and expect miracle in quarterly result.

NIFTY strategy 8200 PUT and 7600 CALL: Overall profit. We booked profit in 8200 PUT and holding 7600 CALL,

Buy WIPRO PUT and Sell 8200 CALL: Till today in profit around 3-4 thousand. Holding

INFY: One could hyave booked profit today. We have not taken this trade.

DLF: Profit booked in single trade,

New trade:
Sell 4 lots of Bank NIFTY CALLs strike price 18000 around 200-225. SL Rs. 5000/-

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

No new trades to start the week.

NIFTY is going up. Practically there is no particular reason to reach new heights everyday. Weak monsoon, nothing happened in Parliament session but rate cut booster and US FED decision not to hike rate enthused markets last two weeks. FIIs also started buying in past couple of days.  If macro data is good next week NIFTY will move quickly towards 8500. As a trader if NIFTY crosses 8250-8260 on EOD basis, it is better to exit all bear trades. While doing so if loss for the month is more than 25 K then stop trading for the month.

Here is summary of our trades:

DishTV: booked profit around Rs. 5000/-

TCS: It had shown good profit of Rs. 80-100 but just for 5 minutes. We missed to book profit in those five early minutes in market trade during one of the day last week. Now contract is heading towards loss, maximum loss could be Rs. 4500, recommendation hold. Maybe good INFY results will again glitter our eyes.

Southbank:
Loss about Rs. 5600/- or could be more depending upon buying rate. One can exit or preferably hold till October 19 and expect miracle in quarterly result.

NIFTY strategy 8200 PUT and 7600 CALL: Overall marginal loss, but one can book profit in 8200 PUT. It will be trading at around Rs. 70-80, if NIFTY moves 100 points from here.

Buy WIPRO PUT and Sell 8200 CALL: Till today no loss/no profit.

INFY: No loss, no profit. Book profit immediately after results or exit the trade at marginal loss.

DLF: Profit in single trade, Book profit in bull spread strategy.

Since there are 5-6 active trades, no new trade should be entered as per our trading rule.

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

INFOSYS

INFY results are on Monday 12 October.
Bull spread could be very nice strategy.
Buy 1140 CALL at 44-45 and sell 1200 PUT around 25.
Maximum loss could be 5000/- and maximum profit potential could be Rs. 10000/- . Very good risk reward ratio and hence one should not miss this opportunity!

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

NIFTY and WIPRO

Sell 2 lots of 8200 NIFTY CALLs, collect around Rs. 7400-7500 as premium
and Buy WIPRO 580 PUT around 15-17.
Please exit the strategy if combined loss is more than Rs. 5000/-


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

Sell 8400 CALLs around 40/-

NIFTY might pause for some time.
Sell 8400 CALLs around 40/-
Risk taker can sell 8000 CALL around 250/-

Hold other strategies recommended earlier.

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

Update

NIFTY is heading towards 8250-8300 based on global cues.


1.) We already booked profit in DISHTV.

2.) NIFTY strategy 8200 PUT and 7600 CALL:

Hold. It is in overall profit.

3.) TCS

Hold. Trading at descent marginal profit.

4) Southbank:

If stock goes below 22.10 in cash then it is better to book the loss. But kindly consider 22.10 on EOD basis or around 3.25 PM tomorrow and then decide. If SL is hit we will exit and then change the trade. Or hold the trade till 18 October, maybe result will surprise in strong positive direction.
4a) One option is to sell 1400 PUT of LT, which could credit about Rs. 4000/- in trading account. Or sell NIFTY 7900 PUTs 2 lots and 8300 CALLs two lots to recover the premium. 

5)Sell NIFTY 7800 CALL:

 If NIFTY goes below 7900 tomorrow then one can enter in to this trade.

6.) DLF:

Hold the strategy.

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

Update and adjustments in trades

NIFTY is in uptrend.
It has resistance around 8034 in cash and 8060 in future. One can sell NIFTY CALLs around that level.

Before we enter in other trades here is the update of our old trades:
1.) We already booked profit in DISHTV.

2.) NIFTY strategy 8200 PUT and 7600 CALL:

Hold. It is in overall profit.

3.) TCS

Hold. Trading at descent marginal profit.

4) Southbank:

If stock goes below 22.10 in cash then it is better to book the loss. But kindly consider 22.10 on EOD basis or around 3.25 PM tomorrow and then decide. If SL is hit we will exit and then change the trade.
4a) One option is to sell 1400 PUT of LT, which could credit about Rs. 4000/- in trading account. 

5)Sell NIFTY 7800 CALL:

 If NIFTY goes below 7870 tomorrow then one can enter in to this trade.

6.) DLF:

Hold the strategy.

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