- NIFTY is moving as per 2000 NN signal. It is still in SHORT mode.
- MARUTI has given a long signal at the close of the day. Since the broader market is not looking good, to hedge the risk, I like the following strategy for MARUTI.
- I would go LONG one lot Futures and SHORT one lot of Aug 1250 Put (now trading at 19.25). The max risk then will be as low as 6087.
- Rel capital is not looking good. It has closed below the recent low. Its TTI is still in SHORT mode.
- Tata Steel too is not looking good. Its TTI is still in SHORT mode.
- ICICI Bank’s TTI signal is still in LONG mode.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
