Tomorrow is expiry day!

NIFTY could easily see 5680 level tomorrow.
It could go down further too up to 5665.
Sell WIPRO future @ 373.80 target 366/362.10/361 SL 377.60
It seems I have to bear loss in KTKBANK and INFOSYS strategy.

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

New Strategies

NIFTY continued uptrend and sustained convincingly above 5600. It could try to go down tomorrow but again it will make all efforts to touch 5600. Maybe bear positions could be squired off near 5580. NIFTY will find itself in very difficult spot to go below 5535.
Fresh longs could be created if with strict SL at 5580.

Sell RELINFRA future @ 457.90 for target 440 SL 461
Sell JSW STEEL future @ 715.35 for target 695.30 SL 727.50
Sell IFCI future @ 28.05 target 27.60/26.80 SL 28.75
Sell BAJAJAUTO future @ 1810 target 1792.10

This blog does not take any responsibility of your profit or loss.

Moon Harshal (Uranus) effect on Friday last week

Moon Harshal were in closed proximity at 2.30 pm on Friday and market suddenly took upward direction based on Greece data!
There is high likelihood based on global cues market will continue upward trend tomorrow morning.
Please check SLs for LT and RELINFRA
LT Stoploss 1605 and Target 1568
RELINFRA Stoploss 459.50 and target 449

Sell ZEEL Future @ 207.50 Tgt 198.10 SL 208.50
Sell KOTAKBANK @621.40 Tgt 618/615.10/611.50 SL 634
Sell JPASSOCIATE @ 88.75 Tgt 87.15/85.85 SL 90.75
Buy TATAMOTORS @ 263.85 Tgt 267.65/269.10 SL 261.10

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

New strategies

If NIFTY crosses convincingly 5650, it could reach easily 5690 in spot.
Risky traders could could generate a short position near 5640-50 with SL of 20 points.

Book part profit in IRBINFRA 130 CALL option @ 1.60.

Sell LT future below 1580.50 Target 1545 SL 1601
Sell Sesagoa future below 165. 30 target 163.90/162.80/161.20 SL 168.20
Sell RELINFRA future below 453.45 Target 450/448 SL 461
Buy Coal India future at 357.55 for target 365 SL 349

New Strategies

Market will react to parliamentary session tomorrow.
It could continue up move during the day. NIFTY could easily touch 5690 level before turning down again. In my view market is still in "sale on rise" mode. This view could change if NIFTY convincingly crosses 5740 in very near future.

Buy JPASSOCIATE Future only if it goes above 88.80 target 90.40/92 SL 88
Buy RCOM future only if it goes above 63 target 63.70/64.5
Buy KTKBANK Future if it goes above 141.50 target 143.10 SL 140.30
Buy TATAMOTOR future if it goes above 268.30 target 271.80 SL 264.20

Buy IRBINFRA 130 CALL option @ 0.45/0.50 for target 2.65. Risk reward ratio is very good. Hold this position till stock reaches 129/130 in future during next three/four days.

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

Update on old strategies

ICICI BANK and LT option strategies are showing descent profits and it is advisable to book part profit here,
KTKBANK shown some downward movement yesterday and I booked profit in 170 CALL option, bear spread strategy is still in place. There is small loss still though in this bear spread strategy.

For today one can sell IBREALEST future only if it goes below 61.10 for targets 60.65/59.50/57.7 with strict SL 62.35.

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

New strategies.

All stocks recommended yesterday did reasonably well. JP Associates met target and then reversed!
Market is in downtrend.It should go below 5580 for trend confirmation.
However, there is no trigger for market for either directions. Hence this is time for some stock specific moves.
I am holding all my Option strategies. There is some loss in KTKBANK strategy but still it is worth holding. I expect 3rd wave to complete at 147.5/148 and it should start moving towards 125.

Buy RELINFRA future @ 481.65 target 486.45/489.00
Buy TATASTEEL future @ 384.40 target 390.30
Buy SBIN future @ 2170 target 2193
Sell AMBUJACEM @ 206.70 target 204.90/202.10
Sell TCS @ 1292.20 target 1260
Sell INFY @ 2280 target 2232
Sell AUROPHARMA @ 171.35 target 168.80/160.90 SL 173.60
Buy STER @ 101.60 target 103.10 SL 100.90
Sell HEXAWARE @ 102.60 target 93 SL 104.10


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