It was a Rather happening week for all OVS clients and followers too . Nifty We said that upside is capped up and any move towards 9200 to 9250 must be sold and according to that we had given two calls in MMB for buying Nifty 9200 and Bank Nifty 21500 Puts at 70 and 85 respectively after our call Banknifty went towards 190 and fell back to 90 and then again 220 so the nifty puts from 70 went twice above 115 and above and falling below 70 also we feel that in this expiry week Nifty must break 9000 mark and we must test 8950 around and there is higher possibility of banknifty moving towards 21200 to 21000. although nifty options gained great for traders who were quick on targets and spot on in booking the profit with a certain
entry and exit but the stocks specific opportunity were too good and we had many such stocks for our clients and that include Yesbank , ashok leyland which was given in MMB too. Yes Bank sell call was given at 1618 for 1550 and 1500 around tgt and it fell to the low of 1525 our jackpot put of 1550 went to 35 from recommended level of 8 to 10 to all clients so the premium of ashok leyland went double . We had asked to keep an eye on PSU banks too and our call on PNB BOB got us very good profit apart from that stocks from Realty Tyre and Infra sector did significantly well. We have seen many stocks running 10 percent even 20 to 30 percent run up in a single day all midcaps stocks are running one by one and we are keeping a sharp eye on who might be the next with minimum 10 percent move on a single day and we have list of some such stocks which we will share with our clients sooner or later at appropriate time. For this week we say go for short for the target of 9000 to 8950 and below and sell on any rise towards 9150 to 9200 . Safe traders can buy may puts and wait for nifty to break minimum 8950 around. Keep an eye on Midcaps stocks and trade in nifty as sell on rise as long as we get it below 9000 to 8950. Regarding global events and France elections all these things are playing in market from past few weeks and any unfortunate incident may bring the 8950 in no time otherwise it will come slowly with lots of volatility. Market is supported with access liquidity from DIIs n MFs but at the other side FIIs on selling continuously in this month They ave sold approx 9000 crores in Cash and Index Futures and good exposure in Options. One fine day is enough for them if they want bear to cheer. without FIIs participation Nifty is highly unlilkely to go beyond 9300 either they need to go reverse from here or they will first break 9000 and below 8950 to 8800 or any lower support and see how global scenario pans out and they again start buying in cash most importantly....
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Market Viewपोस्ट करनेवाले : omvasusecurity
go full flash short buy nifty 9200 puts and bank nifty 21500 puts at cmp 70 and 85 respectively for minimum 150 plus targets in days to come...jsm.