The settlement of F&O series of
August is due on next Thursday. Hence we advise the followers of this blog to
square off all their positions in the current series and start trading in
September series, hedging their positions in October series. They may also be
prepared for volatility and sudden deep cuts.
The intra-day traders may go long if the
benchmark index trades above 7895 mark and book successive profits around 7920 levels.
However, if the index trades below 7872, then they may play it on the short
side and book profit at around 7860 levels.
The short-term traders may square off
all their positions and open fresh long positions in Nifty in case of weakness in
September series with stop loss at 7785. They may also consider selling one lot
of Nifty 8000 Call of October series by offering at 238.95 to hedge their long
positions in September series.
Mid-term investors may consider buying
Gateway Distriparks at 240.90 and Tata Motors at 486.95.
A lot of
people have lost a lot of money in Capital markets due to their need to get
rich quickly and their innermost desire to gamble, to feel the consequent
emotional excitement, over which they have no control. The sole intention of
sharing this link is to guide such people by helping them in minimising their
losses.
Feel
free to write to us for our free advice regarding the stocks which you
already hold in your portfolio. Kindly send the quantity and price at which you
bought them. Much better, subscribe by email. It is free. And, what is more, we
do not disclose your IDs or portfolio.
Disclaimer: The
writers of this column do not personally hold any stock or position in the
F&O market and do not intend to benefit in any way by publishing this
column. The final discretion is that of the reader and we disown any
responsibility for any loss incurred by the reader.
No comments:
Post a Comment