What we looked nifty today, budget session open, and investor looked forward budget hope,
Nifty looked bearish today, as foreign support world market close negative trend, that effect seen on market, today Bharti airtel increase 4.5% as well as micap, bank, auto, metal stock slipdown side today.
Nifty open today down side 17 point below and at 5838, as well as BSE Sensex also slip down side and traded at 19220.74,
Stock option and future segment expiry after 2 days so traders and investor don’t make long position in market, as our suggestion trade in intraday and booked profit for short term trading in stock future and option.
What we follow before budget session:
Before budget session, investor should keep eye on profitable field, as pharma stock, bank, IT stock, and if government provide benefit to development sector then infra stock and Reality stock looked better then other stock.
Stock for trading today:
Sell union bank future below 220 target 219,218,217 stop loss 222
Sell hdil future below 65 target 64,63,62 stoploss 66.2
Sell bank of India future below 335 target 334,333,332 stoploss 336
option call : buy auropharma 170 put above 2.70 target 3.70,4.30,5.10 stoploss 1.95
option call:buy cipla 380 put above 13.40 target 14.30, 15.40, 16.40 stoploss 12
option call: buy sesa goa 160 put above 2.50 target 3.50, 4.50,5.50 stoploss 1.50
option call: buy union bank 230 put above 10.05 target 11,12,13 stoploss 8.50