December 18, 2017
Time: 8.10 am
Pre Market Report:
Time: 8.10 am
Pre Market Report:
- Today it is all about Gujarat and HP election results.
- So there is nothing much to write.
- General expectation is that if BJP loses, markets may fall to 2 to 3% today and 5 to 10% in the next few weeks.
- If BJP wins with good margin, markets will test all time high in a day or two and then will march towards 11000 in the next few weeks.
- Today markets are likely to be highly volatle.
- At higher levels there will be some aggressive profit booking.
- The strategy is to sell put options aggressively if BJP wins and sell call options if BJP loses.
- I have cut 80% of my positions on Friday.
- I just have only 20% of the positions and will decide to take positions after the results are factored in.
- If BJP wins with clear majority, then on every intraday dip, I will sell Put options. There will be some intraday dips.
- Opposite will be the case if BJP loses.
- Personally I want BJP to win as I have invested lot of money in Mutual Funds.
- Lets us see what happens.
- Be ready for a roller coaster ride.
- As long as Nifty is trading above 10320, I will look to sell 10000PE.
Comments
HDFC Bank hit a record high of Rs 1,900, up 1% in intra-day trade. The stock gained 4% in past three trading sessions after the private sector lender on Thursday, December 14 announced that its board will meet on Wednesday, December 20 to consider a proposal for raising of funds.
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