BUY 1 LOT SUNPHARMA 920 CALL @ 8 TARGET 11
BUY COLPAL 1600 CALL @ 25 TGT 30-31
STOCK CASH CALL BUY GUJRAT GAS 200 SHARES ABOVE 507 TG 513/520 SL 500
STOCK CASH CALL BUY CANFINHOME 200 SHARES ABOVE 553 TG 560/566 SL 576
STOCK FUTURE CALL BUY UPL 2 LOTS ABOVE 786.50 TG 790.50/794.50 SL 781.50
STOCK FUTURE CALL BUY TATA CHEM 2 LOTS ABOVE 1014.50 TG 1019.50/1024.50 SL 1007.50
INDEX FUTURE CALL BUY NIFTY 2 LOTS ABOVE 16160 TG 16235/16305 SL 16075
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Indian stock markets fell sharply on Friday, posting their worst week since November, as investors fretted that fast-paced interest rate hikes to fight surging inflation would slow global economic growth. The benchmark indexes also posted a fourth consecutive weekly fall, weighed down by a surprise interest rate hike by the Reserve Bank of India, foreign fund outflows and mixed corporate earnings results. The Sensex finished at 54835 on Friday. Nifty finished 1.63% lower at 16411. After a two week consolidation in a range, Nifty50 closed sharply lower forming a large bearish candle. The index is now trading close to the previous 16450 support. The short-term trend has turned bearish and it is likely that the markets will continue to fall. Looking at the bigger picture, since October 2021, the benchmark index has mainly been trading in a broader 16450-18350 range. Therefore, a bounce off current levels cannot be ruled out either. Against this backdrop, traders should avoid initiating new short positions at current levels. Traders can maintain a neutral to slightly negative bias and look for sell-on-rise opportunities. Immediate support and resistance are now at the 16300 and 16700 levels. Markets will react to the Reliance read in early trade on Monday and then move to the global signals. Reliance Industries Ltd, India's most valuable company, on Friday reported a 22.5% rise in fourth-quarter profit, helped by higher fuel demand and margins in its main energy business. Rising fears of aggressive US Federal Reserve rate hikes have unsettled investors around the world, including India. On the index front, the Nifty has tested the crucial 16350 support zone and signs suggest the prevailing decline will continue with a pause/recovery in between. In the event of a recovery, the 16650-16750 zone would act as a hurdle. Participants should adjust their positions accordingly and use the rebound to create shorts. Formation of a doji and an unfilled opening gap down signals the possibility of a minor bounce up from here or from the lows in the next 1-2 sessions. Any upside potential from here might face strong resistance around 16650 level. Eventually, Nifty could break off the low and near term support at 16250.
OPTION TIPS GIVEN IN TODAY'S POST TO CHECK VISIT http://optioncallputtradingtips.blogspot.com/2022/05/option-call-put-tips-for-6-may-2022.html
ABB 2300 CALL ACHIEVED TARGET 65 BUY GIVEN @ 54 PROFIT OF 2750
NIFTY 16000 12 MAY PUT ACHIEVED TARGET 75 BUY GIVEN @ 55 PROFIT OF 2000
HDFCAMC 2000 CALL ACHIEVED TARGET 52 BUY GIVEN @ 41 PROFIT OF 2200
NET PROFIT 6950
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BUY 1 LOT ABB 2300 CALL @ 54-55 TARGET 64-65
BUY 2 LOTS NIFTY 16000 12 MAY PUT @ 55 TARGET 75
BUY 1 LOT HDFCAMC 2000 CALL @ 41-42 TARGET 51-52
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OPTION TIPS GIVEN IN TODAY'S POST TO CHECK VISIT http://optioncallputtradingtips.blogspot.com/2022/05/blog-post_5.html
GODREJPROP 1500 PUT ACHIEVED TARGET 59-60 BUY GIVEN @ 47-48 PROFIT OF 4225
FSL 125 CALL ACHIEVED TARGET 5.2 BUY GIVEN @ 4.2 PROFIT OF 2340
BANKNIFTY 35800 5 MAY CALL ACHIEVED BOTH THE TARGET 125/185 BUY GIVEN @ 80 PROFIT OF 3750
NIFTY 17000 12 MAY CALL ACHIEVED BOTH THE TARGET 145/165 BUY GIVEN @ 120 PROFIT OF 3500
NET PROFIT 13815
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BUY 1 LOT GODREJPROP 1500 PUT @ 47-48 TARGET 59-60
BUY 1 LOT FSL 125 CALL @ 4.3-4.4 TARGET 5.2-5.3
BUY 2 LOTS BANKNIFTY 35800 5 MAY CALL @ 80 TARGET 125/185
BUY 2 LOTS NIFTY 17000 12 MAY CALL @ 120 TG 145/165
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TIPS GIVEN IN TODAY'S POST TO CHECK VISIT http://optioncallputtradingtips.blogspot.com/2022/05/blog-post_4.html
TATACHEM ROCKS ACHIEVED BOTH THE TARGET 1043/1048 BUY GIVEN @ 1038 PROFIT OF 15000
UPL ACHIEVED 1ST TARGET 849 BUY GIVEN @ 845 PROFIT OF 5200
NET STOCK FUTURE PROFIT 20200
ONGC 170 CALL ACHIEVED TARGET 3.3 BUY GIVEN @ 2.4 PROFIT OF 3465
NIFTY 16900 5 MAY PUT ACHIEVED BOTH THE TARGET 52/67 BUY GIVEN @ 2.4 PROFIT OF 1950
GODREJPROP 1700 CALL ACHIEVED TARGET 48 BUY GIVEN @ 43 PROFIT OF 1625
NET OPTION CALL PUT PROFIT 7040
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STOCK FUTURE CALL BUY TATACHEM 2 LOTS ABOVE 1038 TG 1043/1048 SL 1032
STOCK FUTURE CALL BUY UPL 2 LOTS ABOVE 845 TG 849/853 SL 840
BUY 1 LOT ONGC 170 CALL @ 2.4-2.5 TARGET 3.3-3.4
BUY 2 LOTS NIFTY 16900 5 MAY PUT @ 40 TARGET 52/67
BUY 1 LOT GODREJPROP 1700 CALL @ 43 TARGET 48
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TATACHEM FUTURE
ACHIEVED 1027/1032 BUY GIVEN @ 1022 PROFIT OF 15000
UPL FUTURE ACHIEVED 831/835 BUY
GIVEN @ 827 PROFIT OF 15600
NET PROFIT IN STOCK FUTURE 30600
NIFTY 17200 5 MAY CALL ROCKS ACHIEVED TARGET
64-65 BUY GIVEN @ 45 PROFIT OF 1000
GUJGASLTD 500 CALL ROCKS ACHIEVED TARGET
17-17.45 BUY GIVEN @ 13-14 PROFIT OF 5500
NET PROFIT IN OPTION 6500
STOCK FUTURE CALL BUY TATACHEM 2 LOTS ABOVE 1022 TG 1027/1032 SL 1016
STOCK FUTURE CALL BUY UPL 2 LOTS ABOVE 827 TG 831/835 SL 822
BUY 1 LOTS NIFTY 17200 5 MAY CALL @ 45 TARGET 64-65
BUY 1 LOT GUJGASLTD 500 CALL @ 13-14 TARGET 17-17.5
TO GET LIVE TRADING TIPS IN OPTION CALL PUT STOCK FUTURE CASH OR NIFTY WHATSAPP ON 9039542248
