Trading ideas (Time period: 1-3 days)

Post Reply
Pee Vee
Site Admin
Posts: 453
Joined: Mon Dec 26, 2016 10:45 pm

Trading ideas (Time period: 1-3 days)

Post by Pee Vee »

KPIT (Buy above Rs 139, for target of Rs 146, SL at Rs 135.5): Stock has broken out from double bottom pattern on the daily charts. It also successfully closed above its both 50 & 100 DMA, with impressive volumes. KPIT looks poised to move towards the two previous peaks made at Rs 146. We advise to Buy KPIT above Rs 139, stop loss at Rs 135.5 and Target of Rs 146.

Derivative strategies (Time period: Till expiry)

Sell Tata Motors March future @ 463-467, Stop loss 476 & Target 454.5-455.5.

Derivative Snippets

In the last session, the markets ended on a lackluster note. Nifty 8900PE and 9000CE added fresh short positions and expired worthless.

Short selling in Nifty OTM options was witnessed ahead of a long weekend.

FIIs were net buyers in cash market segment to the tune of Rs 392 crore.

FII’s index future long/short ratio at 4.8x vs 2.0x.
Post Reply