Nifty monthly at resistance, if this week closes above 14530 , 15000+ will be easily seen , else there will be retracement

14530 is good resistance for today, we can look for shorting oppurtunity

Risky players can take short at nifty

Target for Nifty 14480

SL- 14621

Options Strategy:
+75 14500 CE monthly expiry at 290-92
-450 14800 CE weekly at 11
+450 15200 CE weekly at 1.5

Safe players can get 14750-15000 @ 16.75- 2.3 to get cushioned from a smaller gap down

Auto Sector analysis for value investing

Good Morning All

14750-15000 call spread is flat, 14500 CE is 310+

RBI stability report is indicating that there would be higher stress in retail and SME segment compared to corporate.RBI has given NPA would rise drastically till September 2021. Results in Q3 and q4 would better reflect better picture for Microfinance, therefore better to do own homework before investing in Microfinance led stocks. Also, have gathered from industry players that there is stress of 6-9 pc currently in Microfinance and how does it pan out, time will tell. IMO better to be careful at these levels

Market moving as we wanted now

exit long call @272 and the rest will be as it is

In any rally, exit from 14750 CE and create 14700 CE short

Hope people are in Profit, Trail accordingly, it's no more a lossing trade.

Buy it again @266

Trade Summary uptil now:
Sold 14800 CE at 11, covered at 9.7 (+7.8)
Bought 15200 CE at 1.5 covered at same (0)
Bought 14500 CE at 291 sold at 272 bought again at 266 (-13)(0)
Sold 14750 CE at 16.75 covered back at 4.8 (+71.7)
Bought 15000 CE at 2.5, still going on (-7.5)
Sold 14700 CE at 9.5, still going on (-3)


Gross realised profit = 66.5*75 = 4987.5
Unrealised profit = -10.5*75 = -787.5

Good morning All

Bank Nifty at Trendline support