Update: Re: Trade no 38: Indian Stock Markets -Intra day Prediction for June 8

Profit target should be reduced to Rs 9 with no loss( exit at Rs 174 to avoid any loss) as market may be choppy.

 

 

 

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Nifty down over 70 points sensex down 136 points. Nifty call option 4500 now at rs 172 with day's low so far at rs 166.

 

Buy 10 call options at current price and another 20 at price of Rs 160 in next 30 mts.

 

proetct profits on gains of Rs 14 with traliing stop loss of rs 4. do not buy second lot if profit on first 10 lot is triggered before purchase of next 20 lots .

 

Market may again fall sharply in afternoon

 

 

There will be more than one opportunity to make profits today in a choppy/volatile market. Actual trade may be recommended after observing initial trade.

 

Index can be shorted on a positive opening( 80-100 points) or more

 

 

NO WEEKLY PREDICTION WILL BE POSTED THIS WEEK