There is no any change in the Indicators signal -
The short term range is showing 6860 - 7118 - 7240 intact.....
Technical indicators are giving us the signal upto 7485 , once the closing is manged above 7240 ...
In the recent days, for the last 4 to 5 occasions - market surprises most of the analysts with the opposite direction than to the signal....! So, hedging is must with this kind of volatile sessions..!
Overall , the mood is Negative & unless there is some big news , to increase the hope of economy boosting - there is no surprise of breaking 6860 this time....!
So, our current position of 6800 PUT APRIL series - as a back up & 7500 CALL MARCH series - is intact...!
I have managed to enter the 6800 APRIL put on Friday @ Rs. 122.00...!
I am sure, either way of big move - we may expect our minimum target of 200+ , by today or tomorrow..!
If the situation is good, we can go for further averaging also..! Letz see...!
After closing the combo - I will send you the report card...!
Out of 167 Units - likely to be sold after this combo exit - I have received the requests for 94 Units, till today...! So, if we make exit - today - I will consider the 94 units whoever requested & the balance will get reduced from the total size..!
For DHEEPAM pending transfers - will be made today , as I got struck up with bank transfers on Friday - which was not successfully completed..... The amount credited today & finishing today for all the pending cases.....
Let us get into the budget straight away..!
With kind regards,