Possible trades in NIFTY in week starting from 19 June 2017

NIFTY is moving in channel.

NIFTY daily chart
On daily chart since mid March it is moving in channel.

NIFTY is at near support, 9530, it will try to move towards 9800 during this week. One can hold NIFTY PUT sell contracts till NIFTY goes below 9530.

OTM PUT contracts like 9200, with one month view could be held till NIFTY takes plunge below 9350.


NIFTY Hourly Charts:
For last two weeks NIFTY is moving in small channel in Hourly chart too!

It also shows 9540 support and 9630 as resistance.
One can buy NIFTY Future when it would cross 9630 in SPOT. Or
Sell NIFTY PUTs

OI analysis

No great analysis of OI is required at the moment. It shows 9500 as support and 9700 as resistance.

Possible Trades in NIFTY:
1) Buy NIFTY 9700 CALLs if NIFTY crosses 9630 in SPOT.
2) Sell NIFTY 9600 CALLs if NIFTY goes below 9530.
Don't trade for huge profits and exit trades in 20-30 points profit.
Alternatively
3) Buy NIFTY 9600 CALL around 60 and Sell 9700 CALL around 22/-
Maximum loss about 5700 and maximum profit could be above 9500/-. Exit this trade if NIFTY goes below 9530 at EOD to minimize the loss.


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

Syndicate Bank

Syndicate Bank
Buy Future between 93 to 93.40
SL: 91

Graph of SBI:
Daily:

AxisBank

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

Trades for 5 May

No trade could be executed today as prices have not reached in buying zone.
IFCI and Centurytex are still looking good in the same zone as recommended yesterday.
DLF must cross 192 in future for further take off.

We would prefer new trades as below for 5 May:

Axisbank
Buy 530 CALL between 12.20-12.50, Target 16, One could hold till stock crosses 548 in future in next couple of weeks.
SL 6/-

SBIN
Buy Future at around 301.50-302.00
Buy PUT contract of 300 as hedge.
SL 296.
Exit the trade if stocks starts trading below 296, in that case, exit future first, and hold PUT till future goes down till 291.

Voltas:
Buy 430 CALL between 14.10-15.00, SL 10, Target 17.8/21/24.75.


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

Trades for 4 May 2017

CENTURYTEX
Buy 1180 CALL between 45-46, SL 25, Target 96

DLF
Buy 195 CALL Between 8-8.30, SL 5.70 Target 18

IFCI
Buy 35 CALL between 1.00-1.20, SL 0.35, Target 1.60


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

RELINFRA and ICICI

RELINFRA:
Buy 600 CALL between 26 and 27.
Hold for a day. SL 20

ICICIBANK
ICICIBANK 280 CALL between 9-10, SL 5.50 Target 13.80

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

Tatamotors

TATAMOTORS:

Buy 450 CALL between 4.00-4.50
Target: 12/-

https://drive.google.com/file/d/0B7ZW-6KNaQjsUFBCNS0tUkNQV00/view?usp=sharing

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

ARVIND

ARVIND looks good for last trading week in this month.

One can go long with SL 396 or 385. First target 410 based on option table and second 417, based on supply zone. If it crosses 417 the hold for big gains.

All below recommendations for contracts expiring on 26 April 2017. 

1)      Buy Future and 400 PUT at their current market prices. Maximum loss could be Rs. 12000/- and with unlimited profit potential.

2)      Buy ARVIND 400 CALL contract at Rs. 7.50 and Sell ARVIND 420 CALL contract at Rs. 1.50. Maximum loss could be around Rs. 11000/- but profit potential Rs. 29000/-

3)      Buy ARVIND 410 CALL contract at Rs. 3.50, maximum loss Rs. 7000/-

For more details:

 https://drive.google.com/file/d/0B7ZW-6KNaQjsUFBCNS0tUkNQV00/view?usp=sharing

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