iCharts Discussions

[mikky]

Intraday Traders can BOOK PROFIT ULTRA TECH CEMENT near TGT1 Done ----@1982

POSITIONAL can hold for remaining targets.

[mikky]

UPDATE ON OPTIONS

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SELL BANK NIFTY APRIL 13000 CALL (219.80) and 11200 PUT (35.50)
PROFIT/LOSS = 206-255.30(-1232.50)
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SELL NIFTY MARCH 6500 CALL(109.75) AND 6500 PUT(3.90)
PROFIT/LOSS = 110-113.65(-182.50)
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BUY NIFTY APRIL 6300 PUT AVG PRICE 32.50 (39.50 + 25.50)
PROFIT/LOSS = 32.5-26.15(-317.50)
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[mikky]

NIFTY made new high again. It is not able to rocket up due to big fall in OIL & NATURAL GAS stocks. Expiry is approaching so market may go back to trading range before any big move.

BANK NIFTY is in trading range. No big up move today.

CNX IT continued to be consolidation phase.

NIFTY trend is UP

[mikky]

SELL RIL FUT @887 TGT 882 SL 892

[mikky]

SELL NIFTY FUT MARCH @6630 TGT 6615-6602 SL 6653

[mikky]

SELL ULTRATECH CEMENT FUT @1997 TGT 1985-1976-1965 SL 2012

[mikky]

RIL FUT STOP LOSS HIT - EXIT CMP @892.25

[mikky]

NIFTY FUT tgt 1 Done --- BOOK Some Profit

[mikky]

NIFTY FUT near tgt 2 Book full profit ---- Call closed
CMP @6604

[mikky]

UPDATE ON OPTIONS

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SELL BANK NIFTY APRIL 13000 CALL (260) and 11200 PUT (36)
PROFIT/LOSS = 206-296(-2250)
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SELL NIFTY MARCH 6500 CALL(111.45) AND 6500 PUT(1.25)
PROFIT/LOSS = 110-113.65(-135)
****************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE 32.50 (39.50 + 25.50)
PROFIT/LOSS = 32.5-23(-475)
****************************************************************

[mikky]

NIFTY moved up to close new life time high @6601.40. NIFTY slowly and steadily moving up. The more NIFTY moved up, the more BEARS feel it will come down. Tomorrow is expiry, so market may be volatile. It can give big upthrusting move or downward break down.

BANK NIFTY move is getting smaller with every day, this is the sign that big move is coming. Since trend is UP, it could on the upside. If it corrects little bit then investors should look to buy.

CNX IT, CNX PHARMA and OIL & GAS SECTOR is in correction mode, it could be worrisome for NIFTY's up move.

NIFTY trend is UP.

[mikky]

ULTRA TECH FUT TGT 2 DONE- BOOK FULL PROFIT --- CALL CLOSED
MADE LOW of 1970

[mikky]

SELL TITAN APRIL FUT @251.10 TGT 248-245.5-243 SL 254

[mikky]

SELL BANK NIFTY APRIL FUT @12667 TGT 12600-12550-12450 SL 12755

[mikky]

BUY NIFTY 6600 PUT MARCH SERIES @ CMP(9) HOLD it for DAY.