TCS is now about to form triple top at this range of 1990 to 2010. Putting Stop loss at 2020, the short can be initiated at this range.
The target can be taken for 1960 and 1900 on the downside.
Strategy 1 : Hdfcbank has performed fantastically this quarter again. If price action is to be believed, going long makes sense when hdfcbank closes above 2160.
Long HDFC futures above 2160 and sell 2200CE with SL 2145
Strategy 2 : Hdfcbank hovered around 2100 -2125 in last week. So, when the stock closes below 2125.
Sell...
The massive support lies at 430-440 zone. Below,it's headed to 415 where it will again find support. As the stock is not fundamentally poor and is going strong amid deals of sale, we believe it will not go below 415 in closing basis.
Zeel has produced a fantastic quarter while the price action does not support this in the past few months due to ongoing proposed deal. But option writers can capitalize on this as the stock is bound to get immediate support at this price.
Selling 460 PE or 470 PE at 15 or 22.30 (markets closed)
Buying 480 CE or 490 Ce at 6.1 or 4
The hedging can be done by buying...
