Dear All,
Nifty rolled around 53 and Bank nifty at around 60% as of Tuesday.FII sold 300 cr in index option we feel it is 5100 put.So Nifty might not drop below 5100 today how ever the break even of call writer is at 5210 so if nifty comes at 5100-5120 buy call for 60 pt sup move or at 5200-5210 buy put for 70 pt sdown move.Bank Nifty might witness sum prft booking however we like PNB,GMR,RCOm and JSWh for today's trade.
Nifty rolled around 53 and Bank nifty at around 60% as of Tuesday.FII sold 300 cr in index option we feel it is 5100 put.So Nifty might not drop below 5100 today how ever the break even of call writer is at 5210 so if nifty comes at 5100-5120 buy call for 60 pt sup move or at 5200-5210 buy put for 70 pt sdown move.Bank Nifty might witness sum prft booking however we like PNB,GMR,RCOm and JSWh for today's trade.
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Thanks and Regards
Rohit Saxena
Losers say it is hard and impossible, but winners say it is hard but not impossible." Rohit Saxena
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