morning thoughts...
As said and expected the markets yet again bounced from the lows and is now near the resistance levels of 27200 on bank nifty and 11100 on nifty from where profit booking or a reaction is likely
Technically the addition of 11200 call writers and shedding of oi at 10700 and 10800 strike indicates the range and the concentration remains of specific stocks and sectors
We well ahead in advance last wednesday have mentioned our shorts in tata steel , jsw steel , icici bank , upl , jindal steel and put options of same
Tata steel 560 pa turns 5 times , jsw steel 320 put triples , jindal steel 220 pa triples , icici bank 260 pa doubles , upl 560 put turns 4 times
Now we head into crucial period of fo expiry in few sessions and volatility is expected to be high
Stocks with high rsi and stronger moves will remain stronger and is a buy on dips whereas weaker stocks are sell on every recovery
So stocks like pc jewellers , upl , icici bank , metal stocks are a sell on rise
Whereas stocks in pharma , auto and nbcss are likely to attract momentum and buying
Commodities remains weaker on bullions , base metals and energy
Metals to witness more pressure
From past 1 week we have intimated about short and puts in tata steel , jindal steel , jsw steel , upl , vedanta , hindalco
We have short positions in ashok leyland , ubl and same metal stocks as before along with put opions of the same
Best point to make 400-500 points and 1000+ in bank nifty as index yet again at crucial juncture
Whatsapp call - 09205721529
www.analysetrades.blogspot.in
As said and expected the markets yet again bounced from the lows and is now near the resistance levels of 27200 on bank nifty and 11100 on nifty from where profit booking or a reaction is likely
Technically the addition of 11200 call writers and shedding of oi at 10700 and 10800 strike indicates the range and the concentration remains of specific stocks and sectors
We well ahead in advance last wednesday have mentioned our shorts in tata steel , jsw steel , icici bank , upl , jindal steel and put options of same
Tata steel 560 pa turns 5 times , jsw steel 320 put triples , jindal steel 220 pa triples , icici bank 260 pa doubles , upl 560 put turns 4 times
Now we head into crucial period of fo expiry in few sessions and volatility is expected to be high
Stocks with high rsi and stronger moves will remain stronger and is a buy on dips whereas weaker stocks are sell on every recovery
So stocks like pc jewellers , upl , icici bank , metal stocks are a sell on rise
Whereas stocks in pharma , auto and nbcss are likely to attract momentum and buying
Commodities remains weaker on bullions , base metals and energy
Metals to witness more pressure
From past 1 week we have intimated about short and puts in tata steel , jindal steel , jsw steel , upl , vedanta , hindalco
We have short positions in ashok leyland , ubl and same metal stocks as before along with put opions of the same
Best point to make 400-500 points and 1000+ in bank nifty as index yet again at crucial juncture
Whatsapp call - 09205721529
www.analysetrades.blogspot.in
