NIFTY is becoming as slippery as an eel. From a week opening high of 5030 to a weekly close of 5066, it’s been on helluva journey. Looking at the week, we saw a low of 4786 too before strongly bouncing off to see the expiry at 5003.
Hazarding a guess or playing to leverage will just not work in this market. This market can kill and ruthless too. It is only traders who trade to levels and get out while the going is good that will make money. Buy and Hold is dead. It’s been buried. Defensive or not, all stocks get hammered down into meek submission. To make money in such markets, one needs to be nimble, sharp and be able to take the profits off the table. The guys who say to themselves, I FEEL the market will go up / down, are eventually left with only that – FEELINGS. The Capital is sacrificed on the altar of FEELINGS. This is not the market for FEELINGS. It’s a HIT and RUN market.
To believe me or not, OPTIONS ARE THE BEST POSSIBLE VEHICLE IN THE PARADISE OF INVESTMENTS WHICH OFFER INCREDULOUSLY HIGH RETURNS.
For MONDAY:: Indian Market may open around 4980-5000 level and will try to recover in the second half . During that time, it will be better to go for CAs/CEs. Otherwise, it will be better to go for PAs/PEs::
BUY NIFTY 5000CE ABOVE/AROUND 141.20 WITH A STRICT STOPLOSS OF 135 FOR A TARGET OF 152-163
BUY NIFTY 5000PE AROUND 103 WITH A STRICT STOPLOSS OF 95 FOR A TARGET OF 120-130-150
BUY IFCI 52.50CA @ 2.30 WITH STRICT STOPLOSS OF 2.00 FOR A TARGET OF 2.70-2.90-3.05
BUY RELIANCE 1040CA ABOVE/AROUND 29 WITH STRICT STOPLOSS OF 26 FOR A TARGET OF 34-37-40
BUY RENUKA 60CA ABOVE 3.20 WITH A STRICT STOPLOSS 2.80 FOR A TARGET OF 4.15-4.70
BUY SUZLON 65CA AROUND/ABOVE 2 WITH STRICT STOPLOSS OF 1.70 FOR A TARGET OF 2.25-2.45
BUY TATAMOTORS 780CA ABOVE 20.40 WITH A STRICT STOPLOSS OF 18 FOR A TARGET OF 26-29.30
BUY TATASTEEL 520CA AROUND/ABOVE 15.75 WITH STRICT STOPLOSS OF 14 FOR A TARGET OF 19-21.40
BUY UNITECH 75CA ABOVE/AROUND 3.15 WITH STRICT STOPLOSS OF 2.90 FOR A TARGET OF 3.60-4.25
BUY UNITECH 70PA AROUND/ABOVE 2.40 WITH STRICT STOPLOSS OF 2.15 FOR A TARGET OF 2.70-3.05-3.25
CALLS DURING TRADE HOURS::
BUY NIFTY 5000PE AROUND 103 WITH A STRICT STOPLOSS OF 95 FOR A TARGET OF 120-130-150
BUY IFCI 52.50CA @ 2.30 WITH STRICT STOPLOSS OF 2.00 FOR A TARGET OF 2.70-2.90-3.05
BUY RELIANCE 1040CA ABOVE/AROUND 29 WITH STRICT STOPLOSS OF 26 FOR A TARGET OF 34-37-40
BUY RENUKA 60CA ABOVE 3.20 WITH A STRICT STOPLOSS 2.80 FOR A TARGET OF 4.15-4.70
BUY SUZLON 65CA AROUND/ABOVE 2 WITH STRICT STOPLOSS OF 1.70 FOR A TARGET OF 2.25-2.45
BUY TATAMOTORS 780CA ABOVE 20.40 WITH A STRICT STOPLOSS OF 18 FOR A TARGET OF 26-29.30
BUY TATASTEEL 520CA AROUND/ABOVE 15.75 WITH STRICT STOPLOSS OF 14 FOR A TARGET OF 19-21.40
BUY UNITECH 75CA ABOVE/AROUND 3.15 WITH STRICT STOPLOSS OF 2.90 FOR A TARGET OF 3.60-4.25
BUY UNITECH 70PA AROUND/ABOVE 2.40 WITH STRICT STOPLOSS OF 2.15 FOR A TARGET OF 2.70-3.05-3.25
