Buy bnf above 37800 sl-100pts target-200pts
Sell bnf below 37400 sl-100pts target-200pts
Expecting a sideways friday within a wide range of 37800-37100 breaking of either side is a great 300 pts move
buy irfc immediately for 20% return in a year and no more than 10% downside risk visible. Monopoly business ,growing faster than hdfc bank and icicibank , zero Npa's.
NSE:HDFC
Buy hdfc ltd at 2710-2720 for target of 2780 sl-2669(closing basis).and for positional view target is 2900 with sl of 2650(closing basis)
logic:a beautiful long bullish hammer formation after a retracement on daily charts and also it has taken support from 20sma.
avoid the trade if gapped significantly on either side.
NSE:RELIANCE
sell september at the money calls of reliance industries
logic:on daily charts its hovering around the down trend line resistance and also the uptrend line is too steep,and steep trendline has higher chances of being broken out sl-2250,target-2000
NSE:TATAMOTORS
short tata motors sept futures at 275-280 range
Logic: 280 is major support which has been tested four times and it the support becomes weak if tested that many times and also grest risk reward ratio.
NSE:NIFTY
Above 16500 we are heading towards 20000 in 1-2 year ,below 16000 we are falliing towards 14000
i think september expiry will clear a market view for next few years.
NSE:NIFTY
NIFTY Is taking resistance at trendline and the support area is being is tested many times so is guess this week or may be next week this support is going to be broken decisively .
short at opening immediately if openend flat for Target of 15600 and 15500 sl-15900
