iCharts Discussions

[mikky]

BUY NIFTY 7300 CE and 7300 PE @17 & @13 TGT Open SL Open

Profit if NIFTY close above 7330 or Close below 7270.

Maximum Loss if NIFTY closed 7300.

[mikky]

Risky Traders Only SHORT NIFTY MAY SERIES @7310 and forget it

[mikky]

[mikky]

[mikky]

[mikky]

EURPHORIA IS OVER!!!!
NIFTY corrected by 94 points. As mentioned earlier, if NIFTY breaks 7300 it will go down, exactly the same happened. After initial tussle between BULL and BEAR, BEAR went in BULLS territory. Selling was seen broad base. Tomorrow if NIFTY breaks 7200, it will confirm that correction started.

BANK NIFTY traded in its trading range and out performed NIFTY today.

What to expect from market this month
Market may not move up because like every BULL run comes to end, this BULL run is over and intermittent top is formed. This is healthy sign for market. This series is best for writing CALLS and PUTS as market movement will expected to be limited or range bound.

FII Activity
Cash Segment:
FII’s: - 522.9 Crores
DII’s: + 195.2 Crores
Derivative Segment:
Index Futures: – 100.02 Crores
Index Options: + 1693.45 Crores
Stock Futures: – 2920.17 Crores
Stock Options: + 43.3 Crores

OPTION FRONT
Though some CALL writing for JUNE is visible for strike price of 7300, 7400 and 7500.
More clear picture will emerge in couple of days.

[mikky]

RISKY CALL: SELL YES BANK FUT @570.30 TGT 565.80-563 SL 574

[mikky]

[mikky]

[manojrp]

[mikky]

SELL AXIS BANK FUT @1837 TGT 1831.15-1827-1823.45 SL 1845

[mikky]

SELL ICICI BANK FUT 1417 TGT 1407-1398-1388 SL 1429

[mikky]

[mikky]

[mikky]