morning thoughts...
The straddle squeeze in the mentioned range continued and markets tried to reverde squeeze in last trading hour but yet again got resistance at 61.8% retracement levels mentioned.
Now it can be considered as make or break levels and the markets are at crucial juncture and cannot stay in consolidation period for long and the same has been confirmed on dvm and 30 dema charts which indicates a bitter trap for traders , so is 9300 coming or 10700 is in sight..?
Sectoral shifts continues to trotter markets and its seen that some psu banks , oil and gas , power stocks have seen buildup in oi in derivatives segment with sheddin of puts and simultaneously addition of calls in index and glycemic addition of puts of lower strike
The markets stands at crucial juncture and calls for multiple surprises in next few sessions.
Global jitters continues to haunt world markets , will it be a dark phase or blessing in disguise...
The markets are following a classic case of pump wave theory and its clearly indicated on daily charts.
The coming session where nifty will attempt 10200 and bank nifty 25200 with most of the stocks showing strength
As index moves in range it has given ample opportunities in stock specific with emphasis on wave 3 and 5 stocks with high rsi and domiciled structure
Now the structure says no resistance and supports for the markets , we have taken our positions accordingly with 3 dispersed pattern throughout index via options and futures and targets placed at 61.8 and 73.9% retransmission with breakeven point at pivot point with negligible risk due to wave1.8 straddle reverse positions covering both futures and options
Commodity markets continues to be boring and range struck with strategy to buy bullions and base metals at dips and sell on rallies with positive views on energy.
We have sharp positions in nifty and bank nifty for retransmission levels
Nifty 9300 or 10700..?
Convert series creates profits in lacs
Indigo 1200 ca bought at 2.50 , 10 lots , size 600 ( capital 15000) - booked at 14 - profits 84000
Sun tv 800 ca bought at 5.50 , 3 lots size 1000 ( capital 16500) - booked at 23.50 - profits 70500
Indusind 1800 ca bought at 6 , 5 lots size 600 ( capital 18000) -booked at 40 - profits 102000
Ptc 120 ca bought at 1.50 , 2 lots size 8000 ( capital required 24000)- booked at 4.50 - profits 72000
Divis 800 ca bought at 6 , 4 lots size 800 ( capital 19200 ) - booked at 34 - profits 89600
Maruti 7600 ca bought at 12 ,10 lots size 150 (capital 18000) - booked at 90- profits 1,17,000
Federal bank 115 ca bought at 2.50 - exited at 2.80
Convert series convert 15k into 1 lacs
Convert 25k into 3 lacs
All targets by diwali , however all achieved in 2-3 days
Next batch and registrations open for more sharp and higher moves ( limited intakes)
Rdx , operator , fii option and double bumper series
Bharti airtel 420- donot achieve targets and hits sl
Havells 520 ca booked in 50% profits
Jindal steel 150 exited at cost
Jsw steel 270 ca booked in 50% profits
Pel 2800 call option doubles
Bajaj auto 3000 ca doubles
Andhra bank 60 ca triples
Bharat forge 1200 ca triples
Tata motors 400 ca doubles
Icici 300 ca stays flat
Reliance capital 900 ca turns 10 times
Hpcl 480 ca turns 9 times
Grasim 1200 ca turns 5 times
Nifty 10000 ce triples
Bank nifty 24600 turns 4 times
The straddle squeeze in the mentioned range continued and markets tried to reverde squeeze in last trading hour but yet again got resistance at 61.8% retracement levels mentioned.
Now it can be considered as make or break levels and the markets are at crucial juncture and cannot stay in consolidation period for long and the same has been confirmed on dvm and 30 dema charts which indicates a bitter trap for traders , so is 9300 coming or 10700 is in sight..?
Sectoral shifts continues to trotter markets and its seen that some psu banks , oil and gas , power stocks have seen buildup in oi in derivatives segment with sheddin of puts and simultaneously addition of calls in index and glycemic addition of puts of lower strike
The markets stands at crucial juncture and calls for multiple surprises in next few sessions.
Global jitters continues to haunt world markets , will it be a dark phase or blessing in disguise...
The markets are following a classic case of pump wave theory and its clearly indicated on daily charts.
The coming session where nifty will attempt 10200 and bank nifty 25200 with most of the stocks showing strength
As index moves in range it has given ample opportunities in stock specific with emphasis on wave 3 and 5 stocks with high rsi and domiciled structure
Now the structure says no resistance and supports for the markets , we have taken our positions accordingly with 3 dispersed pattern throughout index via options and futures and targets placed at 61.8 and 73.9% retransmission with breakeven point at pivot point with negligible risk due to wave1.8 straddle reverse positions covering both futures and options
Commodity markets continues to be boring and range struck with strategy to buy bullions and base metals at dips and sell on rallies with positive views on energy.
We have sharp positions in nifty and bank nifty for retransmission levels
Nifty 9300 or 10700..?
Convert series creates profits in lacs
Indigo 1200 ca bought at 2.50 , 10 lots , size 600 ( capital 15000) - booked at 14 - profits 84000
Sun tv 800 ca bought at 5.50 , 3 lots size 1000 ( capital 16500) - booked at 23.50 - profits 70500
Indusind 1800 ca bought at 6 , 5 lots size 600 ( capital 18000) -booked at 40 - profits 102000
Ptc 120 ca bought at 1.50 , 2 lots size 8000 ( capital required 24000)- booked at 4.50 - profits 72000
Divis 800 ca bought at 6 , 4 lots size 800 ( capital 19200 ) - booked at 34 - profits 89600
Maruti 7600 ca bought at 12 ,10 lots size 150 (capital 18000) - booked at 90- profits 1,17,000
Federal bank 115 ca bought at 2.50 - exited at 2.80
Convert series convert 15k into 1 lacs
Convert 25k into 3 lacs
All targets by diwali , however all achieved in 2-3 days
Next batch and registrations open for more sharp and higher moves ( limited intakes)
Rdx , operator , fii option and double bumper series
Bharti airtel 420- donot achieve targets and hits sl
Havells 520 ca booked in 50% profits
Jindal steel 150 exited at cost
Jsw steel 270 ca booked in 50% profits
Pel 2800 call option doubles
Bajaj auto 3000 ca doubles
Andhra bank 60 ca triples
Bharat forge 1200 ca triples
Tata motors 400 ca doubles
Icici 300 ca stays flat
Reliance capital 900 ca turns 10 times
Hpcl 480 ca turns 9 times
Grasim 1200 ca turns 5 times
Nifty 10000 ce triples
Bank nifty 24600 turns 4 times
