Trades for next few days

NIFTY is moving sideways.
This is good for option writers.

Sell NIFTY 7400 CALL at market price around 200-230.
Sell 2 lots. This will accumulate (wealth?)  around Rs. 30 K to 35 K in your trading account.

Presently option is being traded below 61 day EMA level. It could cross EMA line when it would close above 280-285 on EOD basis. This 280-285 range also should be the stop loss for the trade.

Aditya Birla NUVO.

This stock is moving sideways and awaiting RSI breakout or just at the verge of breakout which it could complete once it crosses 843.40.
Buy this stock above 843.40-844 in future segment,

This stock is very volatile, if it slips below 815, then do not think twice, please exit. But be in trade till it is above 61 HEMA level, for tomorrow 61 HEMA level could be around 815. This is very rough judgement merely looking at present graph and with no scientific calculation involved.

Centurytex

This stock also has given RSI breakout in hourly chart.
Target could be near 620 if pattern works.

CCI is about to cross 100 mark, if it does so, stock will show very good momentum in northward direction.
But looking at present uncertainly, insure the trade by buying 580 PUT. Maximum loss could be Rs. 15000/-. those who can afford, can sell 620 CALL along with buying of 580 PUT. This will limit the profit, but loss will be confined to Rs. 10000/-

Recommendation could be buy future and 580 PUT, and work with SL 550 (EOD) for tomorrow.

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

Two promising trades

Dabur
Sell Dabur Future between 243.60 and 243.20 SL 246.50 Target: 242.50/240.30

Zeel
buy future at 397 target 408/- SL 390/-

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

Few trades for February 17

NIFTY is resisted at higher levels, FIIs are selling in cash.
It is better to be bearish in this market if you are trend trader.

Below are some most probable trades for tomorrow.
Enter only when you find right level

DLF:
Buy 80 PUT between 3.20-3.45, SL 2.70, target 4.10/6.10/10!

L & T
Buy 1100 PUT between 24.40-27.70, SL 21, Target 44/52/90

SBIN
Buy 150 PUT between 1.80-2.35 SL 0.65 Target 4.35/6/8.90


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

Trade in NIFTY and YESBANK

NIFTY has changed gear. On global cues it might go above 7280 within a day or two.
But let us stick to demand and supply levels and trade only if those levels are honored.

NIFTY
Sell NIFTY 7200 PUT between 115.55-124 (supply zone) target 30, SL 190/-

YESBANK

Sell 760 CALL between 15-16.90 SL 19.50
Target 11.70/10.85/5.30

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

Lupin

FIIs are selling. DIIs are buying.
NIFTY shown some reversal pattern on Friday, confirmation is must on Monday.
Do not trade at all in opening session on Monday, and wait till market stabilizes after 40-45 minutes, preferably one hour.

Lupin looks good.
1800 CALL is very near to demand level.
Buy 1800 CALL at 21.50 target 75/- SL 9/-

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

Axis Bank and Centurytex:

Axis Bank

Buy 400 PUT @ 13.10 with SL 9.90, Target 15/16.90

Centurytex:

Buy 480 CALL @ 18, target 23 SL 16

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

State Bank

Buy State bank of India 170 PUT between 7.10-7.40.

SL Rs. 5/-

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