BPCL seems to take support from and important support level and bounced back. a bounce back trade can be initiated here with stoploss below 397 for target 440-450
@rahul1066, As far lupin is concerned 950-960 will act as a strong support zone for it. stock is in a strong uptrend. but if your are looking for a buy trade in lupin you should wait for a corrective move till 950-960 levels. there you will get a good risk to reward ratio
@rahul1066, same is the case with cipla..the big gap was a major hurdle on daily charts and cipla has crossed that hurle witha big gapup.. now the scrip will fill the gap and we can expect and resume in its upmove.. wait for a little retracement 740-750 levels before placing any fresh longs here..
My concern because I am hold cipla 770 Aug ce(avg Rs-16) & lupin 1040 Aug ce(avg Rs13).
Sir Aa par your review I am hold for expire or exit please confirm
rohitgupta161087
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@rahul1066 till expiry will eat all the premium.. let the market open tomm morning . then i can suggest u better.. will reply you on this tomm morning..
rohitgupta161087
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@rahul1066 but i will always recomend you to play with option writing then option buying.. in option buying time decay is ur biggest enemy but in option writing tine decay is ur biggest friend